Friday, May 16, 2014

May 16 2014

As usual lately, active morning and half-dead afternoon. Decent day though as morning was fruitful


Session Time: Fri May 16 00:00:00 2014
[09:00] {thomcbell} rax is nuts
[09:01] {thomcbell} just keeps going
[09:01] {thomcbell} analysts jumped on bandwagon
01[09:01] {@Threei}  wow
[09:07] {dino} gm
[09:07] {RonS} gm gentledudes
01[09:07] {@Threei}  dino, ron :)
01[09:08] {@Threei}  gentledude? is it a creature in a tux riding lawnmower with beer in hand?
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:16] {dptl} good morning
01[09:16] {@Threei}  dp :)
[09:17] {dino} wwe smackdown
01[09:19] {@Threei}  50%... still haircut or already beheading?
[09:20] {RonS} rax braless...bouncing all over the place
01[09:21] {@Threei}  General Motors Corp US Dept of Transportation schedules a "major announcement" regarding the ignition recall issue; Sec Foxx to make a statement on the probe - press**NOTE: DOT has been imposing fines of $7K/day (the maximum fine) as it tries to determine why it took GM approx 10 years to issue the recall on the persistent ignition switch problem.
[09:21] {Alexs} good morning
01[09:21] {@Threei}  alex :)
[09:21] {dino} lol ron
[09:22] {dino} no wonder govt was selling its gm stock
01[09:23] {@Threei}  ron... I start thinking cmpanies should use you as a focus group when pick names
[09:23] {RonS} hehe
[09:24] {nemo} Hey Dino!  keep an eye on RAX it's exploded on news of seeking strategic alternatives
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:24] {dino} on it
[09:24] {ese} vad dino
01[09:24] {@Threei}  and WWE nemo
01[09:25] {@Threei}  ese, you scared the living daylight out of nathan yesterday
[09:25] {ese} huh.....what'd i say
01[09:25] {@Threei}  [11:46] {ese} once again another morning wasted...........sigh......cya tomorrow
01[09:26] {@Threei}  he thought there was some big loss that doscouraged you or something like that
[09:26] {ese} ohhhhhh......just meant another busy day...no time to trade properly
01[09:26] {@Threei}  yeah, we know... he didn't
[09:27] {ese} another week and a ½ to go.....show or rehearsal every night
01[09:27] {@Threei}  quiet premarket in indices
[09:28] {ese} get nemo and Les to beat the guy up a little.....that'll toughen him him up
01[09:29] {@Threei}  WWE is begging for a bounce
01[09:31] {@Threei}  GLD two-sided, .30 - .40
01[09:34] {@Threei} Short Setup: FB  .15 break hl
01[09:34] {@Threei}  If holds  .25
01[09:34] {@Threei}  1:1
01[09:36] {@Threei}  1:2
01[09:36] {@Threei}  yuck GLD
[09:37] {ese} L amat .61
[09:39] {ese} c mon......that a good little stocky......
01[09:39] {@Threei}  out FB in full
[09:39] {ese} opps
[09:39] {dino} wwe hl l .89
[09:40] {thomcbell} spwr looks vulnerable here
[09:40] {ese} L amat .57 avg .59
[09:41] {ese} OUT!!!!!!!!!!!!!!! amat .69
[09:41] {ese} +.10
01[09:41] {@Threei} Long Setup:  DAL  .70 break
01[09:41] {@Threei}  If holds  .60
01[09:42] {@Threei}  stop to .64
01[09:42] {@Threei}  1:2
01[09:42] {@Threei}  1:1
[09:45] {dino} gj ese
[09:45] {ese} tks.....was 200 bucks the easy way
[09:46] {ese} look at it now though......blighter!!!!!!!
[09:47] {thomcbell} adsk on short watch here
[09:48] {ese} ya...been watching that as well thom
01[09:49] {@Threei} Long Setup:  IWM  .45 break
01[09:49] {@Threei}  If holds  .35
[09:49] {ese} but lookin at it long though
[09:49] {nemo} numbers @9:55
[09:49] {thomcbell} tu
[09:49] {thomcbell} that was a nice bounce
01[09:49] {@Threei}  1:1
01[09:50] {@Threei}  1:2
[09:50] {ese} you talkin adsk thom.....
[09:50] {ese} would have been a good scalp there
[09:50] {Alexs} nice one Mr Sherlock Holmes
01[09:51] {@Threei}  it's elementary Watson...
[09:51] {Alexs} :)
[09:51] {thomcbell} yes
[09:51] {ese} vad is always primed a nd ready every morning
[09:51] {ese} nothing escapes the guy
01[09:51] {@Threei}  while we are waiting for numbers... one of my favorites:
01[09:52] {@Threei}  (laying on the back and looking into starry sky) Watson, we can see all the stars... what does it tell us?
[09:52] {ese} as a matter of fact.......he's got an intravenous line of vodka beside his trading desk  with constant flow to keep him pumped up
01[09:53] {@Threei}  Watson: ummm... well.. there is this, umm, Universe... stars, planets...
01[09:53] {@Threei}  Holme: No Watson... someone stole our tent!
[09:53] {ese} on days when he''s not doing much the vodka intravenous is on slow drip
01[09:54] {@Threei}  this is just rumors, ese...
[09:54] {Alexs} lol Vad like it too
01[09:54] {@Threei}  *(US) MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 81.8 V 84.5E
[09:54] {ese} ouuuuuu and they were predicitng higher
01[09:55] {@Threei}  and about smoking pipe, alex... but that one is not very family-friendly
[09:55] {Alexs} unrated?
[09:55] {ese} hmmmmspyders reacting down
01[09:56] {@Threei}  good thing IWM was finished before numbers
01[09:57] {@Threei}  too bad we didn't reenter
01[09:57] {@Threei}  lol
[09:58] {ese} spyders now taking off
[09:58] {dino} 07 green
[09:58] {dino} tna l .90
[10:00] {dino} out tna .10, +.20
[10:01] {thomcbell} jmei new issue
[10:01] {thomcbell} like vips
[10:04] {dino} emes blood
[10:04] {ese} talk about yer basic whipsaw day.....sheesh
[10:05] {dino} 07 red
[10:06] {dino} emes sm l .64
01[10:06] {@Threei} Long Setup:  DAL  .65 break
01[10:06] {@Threei}  If holds  .58
[10:07] {dino} out emes .18, +.54
01[10:07] {@Threei}  Invalidated
[10:08] {dino} whippy, scalp mode
[10:09] {troub} gj all morning dino
[10:10] {dino} ty
01[10:10] {@Threei}  valid again
[10:10] {dino} tna l .99
01[10:11] {@Threei}  same stop, .57
[10:11] {dino} out tna .18, +.19
[10:11] {thomcbell} surprised that there is no pressure on spwr
[10:13] {dino} great trading song, under pressure
[10:13] {dino} damn tna wanted .90
01[10:14] {@Threei}  stop .59
[10:14] {dino} not sure now
01[10:16] {@Threei}  1:1
[10:16] {dino} tricky, little break in order
[10:17] {dino} gioddy-up
[10:18] {dino} tna l .38
01[10:18] {@Threei}  1:2
[10:20] {dino} stop tna .32 -.06, bad entry
[10:21] {dino} head fakes
[10:24] {dino} these drops are brutal, emes -18 3 days, dxpe -44 3 days, etc
[10:24] {dino} wwe-9
01[10:26] {@Threei}  then there is RAX...
[10:26] {dino} no sagging there
[10:26] {nemo} yeah, it's kinda' crapped out here watching it
[10:26] {RonS} lol  good one
[10:26] {nemo} Morgan Stanley probably trying to keep it propped up
[10:26] {dino} wanted s at 36.60, never got there, hit .40s
[10:27] {dino} wwe -9 and sits, wtf
[10:28] {nemo} today is weird because of OP EX
[10:28] {dino} all week weird imo
[10:28] {nemo} http://goo.gl/6GgK0E
[10:28] {nemo} yeah, coming from the guy who sees dead people
[10:28] {dino} we have a momo crash going on, somebody big must be blowing up
[10:29] {dino} tna l .88
[10:29] {dino} .78 that is
[10:30] {dino} out tna .98, +.20
[10:31] {thomcbell} adsk pretty impressive
[10:32] {nemo} http://goo.gl/BijmWH
[10:37] {nemo} RAX=BOOM
[10:37] {thomcbell} very interesting daily chart on LINE
[10:37] {thomcbell} normally wouldnt do a vad like setup in a low vol stock but 29 long break if holding 28.90
[10:41] {dino} wwe to .49
[10:44] {dino} out wwe .59, +.70
01[10:44] {@Threei}  wtg
[10:44] {dino} ty
01[10:48] {@Threei} Short Setup: FB  .60 break
01[10:48] {@Threei}  If holds  .70
[10:50] {Alexs} looks like DKTK
01[10:54] {@Threei}  held by fingertips
[10:55] {dino} tna l .42
[10:58] {dino} out tna .47, +.05
01[10:59] {@Threei}  nervous trade
[10:59] {dino} yeah, thought we were breaking upwards
01[11:00] {@Threei}  come on FB, work finally
[11:00] {dino} rax going to test the hod?
01[11:00] {@Threei}  looks like
01[11:00] {@Threei}  1:1
01[11:00] {@Threei}  finally
[11:01] {thomcbell} morning high over 39
[11:01] {thomcbell} rax
01[11:01] {@Threei}  yes, around 9:05
[11:01] {dino} hmmm, was thinking the 37.37
01[11:04] {@Threei}  that's after open dino
01[11:04] {@Threei}  thom means premarket
[11:04] {dino} yeah
[11:04] {nemo} see where the USDA is buying sub-machine guns and creating their own internal swat teams?
[11:05] {dino} no idea, better worlds perhaps
01[11:05] {@Threei}  why nemo?
[11:05] {dino} what are they going to do, shoot cows?
[11:07] {nemo} interesting...the military swears allegiance to the Constitution even though it is under civilian rule, so it's first duty is to defend the Constitution.  Federal Employees have no such mandate.  If you notice, federal agencies that would seem to have no need for security apparatus are adding internal armies
01[11:07] {@Threei}  sounds very conspiratorial to me
[11:08] {nemo} factual
[11:08] {dino} just blowing more of the taxpayers $$$
[11:08] {dino} emes smr l .00 risky, wide
[11:12] {RonS} gogo going
[11:16] {dino} rax smr s .00 stop hod
[11:18] {Alexs} does civilian rule can contradict constitution nemo?
[11:18] {nemo} Constitution supposedly trumps all, but that's a matter of interpretation
[11:19] {nemo} Founding Fathers did not trust goverment because it was run by men
[11:19] {nemo} people suck
[11:20] {dino} partial out emes .95, +.95
[11:24] {dino} rax bs to .85
[11:25] {dino} cov +.15
[11:33] {Alexs} I think most of the people haven't read the Constitution unless they are new immigrants nemo, so most of the soldiers don't know what they must to protect
[11:33] {nemo} it's not the soldiers the elected officials worry about, it's the generals
[11:34] {nemo} why do you thing Stalin sent Zhukov to cut trees for the glory of the Proletariat
[11:34] {nemo} ?
[11:35] {dino} right get rid of the leaders first
01[11:35] {@Threei}  there were too many soldiers cutting those trees without proper coordination?
[11:35] {nemo} always a frickin' comedian
01[11:36] {@Threei}  finally my humore is getting recognition
01[11:36] {@Threei}  -e
[11:36] {Alexs} lol
01[11:39] {@Threei}  but yes, there was a deep, albeit perverted, logic behind Stalin's constant rotation of the echelons of authority
01[11:40] {@Threei}  it went in waves, and no one was safe beyond the timeframe of his wave
01[11:40] {@Threei}  let them take root, they become dangerous as their ambitions and power grows
[11:41] {dino} fear motivates and keeps you in line
[11:41] {nemo} Yeah, unfortunately, after Zhukov won WWII he was a god, and Stalin had to walk carefully
01[11:41] {@Threei}  instead, nurture next generation and let them take over, send previous ones to Siberia
01[11:41] {@Threei}  new ones are faithful and hungry, they serve well... until their time comes
[11:41] {nemo} Breznev hated him though
01[11:44] {@Threei}  OK, here is visual evidence that Russia lost its collective mind:
01[11:44] {@Threei}  http://newslanc.com/images/slava_confession9.png
01[11:44] {@Threei}  painting's title:
01[11:44] {@Threei}  Putin Saves Russa
[11:45] {dino} rax smr s .61
[11:52] {RonS} omg dds...or as an old boss used to say Dilluhds...
[11:58] {dino} animal
[11:58] {RonS} 2 million shares short lit up
[11:58] {thomcbell} jmei getting its footing here
[11:58] {thomcbell} im long very small
[11:59] {RonS} lgf roariing
[11:59] {RonS} -i
[12:00] {RonS} hearing a lion roar in person is deeply disturbing...
[12:01] {RonS} without thinking you want to run
01[12:02] {@Threei}  lol
01[12:05] {@Threei}  EU is in a mode splendidly described by one commentator as of "impotent megalomania"
01[12:05] {@Threei}  lol... quite precise
[12:05] {RonS} azn smack
[12:06] {thomcbell} Out 1/2 jmei
01[12:08] {@Threei} Short Setup: FB  .50 break hl
01[12:08] {@Threei}  If holds  .60
01[12:12] {@Threei}  meh
[12:12] {Alexs} in what context it was said about EU Vad?
[12:12] {goinshort} double meh
01[12:13] {@Threei}  their mishandling of multiple political and economic cases
[12:14] {RonS} witnessing everyone walking around with their head up their ass?
01[12:14] {@Threei}  pretty much
[12:15] {Alexs} I think it's a general disease for all big countries now
01[12:16] {@Threei}  well... there is a big difference between EU and USA
[12:16] {dino} rax won't move bs is .91, brb
01[12:16] {@Threei}  in EU the impotence is structural
01[12:17] {@Threei}  in USA, imposed by current regime
[12:18] {dino} missing reagan
[12:19] {Alexs} don't agree, waht Bush did was very far from capitalism too
01[12:20] {@Threei}  yeah but there is world of difference between his mistakes and this deliberate destruction that we see today
01[12:20] {@Threei}  Bush didn't set out to cut USA down to size
[12:21] {dino} rax stop -.30
[12:21] {Alexs} I don't think it's deliberate destruction they just do what most of the people want
[12:22] {RonS} it is totally ideological alex...communists at heart
[12:22] {dino} out remainder emes .92, +.92
01[12:22] {@Threei}  not at all alex
01[12:22] {@Threei}  I don't believe most people want to diminish America's might and role
[12:23] {troub} another fine job dino
01[12:23] {@Threei}  if current administartion formulated its purposes this way, people would disagree strongly
01[12:23] {@Threei}  lucky again dino?
[12:24] {dino} ty troub
[12:25] {dino} ron i agree w/you
[12:25] {Alexs} most of the people are communists at heart Ron
[12:25] {dino} yeah 3i, that was a bitch to get out of
[12:25] {RonS} what people?
01[12:25] {@Threei}  most of stupid people you mean
[12:25] {Alexs} people who vote
01[12:26] {@Threei}  or, you are very unlucky with who surrounds you :)
[12:27] {troub} if dino laid his hand on my head and said magic words, wouold I be lucky too?
[12:27] {Alexs} Vad looks like you're dreaming
01[12:27] {@Threei}  I am not
01[12:28] {@Threei}  if that was so, no conservative government would have ever been elected
[12:28] {Alexs} remember Mitt Romney 47%?
01[12:28] {@Threei}  but we have one in Canada, fior the last deacde
[12:28] {nemo} boy was that taken out of context
01[12:28] {@Threei}  USA had one for previous 8
01[12:29] {@Threei}  you should have seen last election in BC
01[12:29] {@Threei}  where socialists started election with 23 points lead and lost it
01[12:30] {@Threei}  none of that would ever happen if voters were inherently communist minded
01[12:30] {@Threei}  don't oversimplify... each election has a context
[12:31] {Alexs} lets see when  next time we will have conservative government in US
01[12:32] {@Threei}  surely current administration makes it difficult, by making wider ciorcles of society government dependent
01[12:32] {@Threei}  it doesn't mean that voters are necessary communists
01[12:32] {@Threei}  it's a manipulation of fabric of society
01[12:33] {@Threei}  and dumbing down average voter
01[12:33] {@Threei}  sure, the dumber they are the more communist their mindset is
[12:33] {Alexs} what do you call communist, the guy who read Marx or what?
01[12:33] {@Threei}  no
01[12:34] {@Threei}  ideological mindset
[12:34] {dino} exactly. i've been saying that for years. dumb them down to control them. give them handouts to control them. its not about whats right...its all about getting elected.
01[12:34] {@Threei}  all the equality crap
[12:34] {dino} again, exactly
[12:35] {RonS} meantime 1984...the more equal are those working for the freakin government
01[12:35] {@Threei}  yeah
01[12:35] {@Threei}  that was right on target
[12:35] {dino} somebody has to win and somebody must lose
[12:36] {dino} these participation trophies drive me nuts. gets young kids thinking they don't need to try to win
[12:36] {RonS} and somebody lucky and skillful...  :)
[12:36] {Alexs} look at the tv all chanels in the US talking about income inequality day and night, this is communism
01[12:36] {@Threei}  that's part of it dino
01[12:36] {@Threei}  yes alex... this is what I am saying
[12:36] {dino} agreed alexs. media is controlled by liberals
01[12:37] {@Threei}  not sure why you argue while you say the same thing :)
01[12:37] {@Threei} Long Setup:  RAX  .95 break hl
01[12:37] {@Threei}  If holds  .85
[12:38] {Alexs} so you think most of the people in the country don't agree with what they talking about on TV?
01[12:38] {@Threei}  you are changing the wording
01[12:39] {@Threei}  you said voters are inherently communist-minded
01[12:39] {@Threei}  I disagree with that
01[12:39] {@Threei}  if you are saying they ase being brainhwashed this way, and increasingly believe it, yes, I agree
01[12:40] {@Threei}  whether enough of them are brainwhashed already to change the composition of government from now on and forever, remains to be seen
[12:40] {Alexs} it's most of the people nature I think
[12:40] {RonS} but tv isn't the real problem, it's the teachers and schools...
[12:40] {nemo} it's a total system Ron
01[12:41] {@Threei}  it's all parts of it...
01[12:41] {@Threei}  tc, shools, campuses, social networks
01[12:41] {@Threei}  meh RAX
[12:42] {RonS} The new poll, released Thursday, finds 37 percent of voters answer “yes” when asked: “would you say you generally trust the federal government?” Six in 10 say they don’t trust the government
[12:43] {Alexs} Atlas Shrugged is not a fantasy it's a real picture of the world
[12:43] {RonS} communists eh Alex?
[12:44] {Alexs} It doesn't mean they are for free market capitalism Ron
[12:45] {Alexs} nobody trust the government now even communists
[12:46] {Alexs} because they wanted to get more help
[12:46] {RonS} true, few are...read Smith on business people...everyone wants their monopoly...but it does not mean they are communist...Obama is a communist as well are his cohorts
[12:46] {nemo} Nothing is a "real" picture of the world, it's a view with aspects of truth
[12:48] {RonS} 3i speaks and writes with the most clarity on this than 99.99% of the people on earth imo
[12:49] {dino} perception is reality, in stocks, and in the world
01[12:49] {@Threei}  {-- copying - pasting in e-mail - sending it to wife who says I am impossible to understand
[12:50] {RonS} oh no, someone has broken ranks:  NATO Secretary General Anders Fogh Rasmussen said President Vladimir Putin’s assurances that Russia has no plans to intervene further in Ukraine can’t be believed
01[12:51] {@Threei}  except physics dino... I tried to perceive the world without gravity once in hope it would become reality. Guess what - bruises are very real
[12:52] {dino} you need to drink heavier
[12:53] {dptl} lol..i tried that Dino...gravity became even stronger
01[13:26] {@Threei}  OK... I am just back from experiment
01[13:26] {@Threei}  dp is right
01[13:27] {@Threei}  bruises are larger
01[13:27] {@Threei}  and bluer
01[13:27] {@Threei}  and it looks like alcohol doesn't help find answers... it helps to forget the questions
[13:29] {dino} rax hl s .70
[13:30] {nathan} hi gents
01[13:30] {@Threei}  hi nathan
01[13:31] {@Threei}  3 very important thing happened today that you missed
01[13:31] {@Threei}  we extensively discussed and discovered that:
01[13:31] {@Threei}  1. communism is no good
01[13:32] {@Threei}  2. Gravity exists
[13:32] {nathan} totally agree
01[13:32] {@Threei}  3, Alcohol doesn't help fight gravity
[13:32] {nathan} lol
01[13:32] {@Threei}  there, you are all caught up
[13:32] {nemo} no, but it reduces the pain of an extreme gravity event
[13:32] {nathan} :-)
01[13:34] {@Threei}  new term from russian space: resovietization of the mentality
01[13:43] {@Threei}  eBay Inc Investor Relations: No comment on earlier rumors concering takeover speculation- Reminder: Earlier: Google said to be interested in acquiring EBAY for ~$65/shr
01[13:44] {@Threei}  oh good, make anyione's purchasing history public knowledge
01[13:45] {@Threei}  (IR) Current round of negotiations on Iran's nuclear program have ended without the release of a joint statement, Iran and the P5+1 contact group still targeting final deal by July 20th - press
01[13:46] {@Threei}  let me guess... final deal will be "we are building our nuke and you can kiss our a$$es"?
[13:46] {Alexs} btw Vad alcohol helps fight communism, when in the USSR left nothing but alcohol communism fell
01[13:46] {@Threei}  joint statement will state that the final deal is finally reached in a final triumph of diplomacy
01[13:47] {@Threei}  I am not sure what was the chicken and what egg, Alex... it's also possible that communism survived for so long thanks to alcoholism? :)
01[13:48] {@Threei}  sober people would have dumped it much sooner?
[13:51] {Alexs} Prohibition in the US shows something different
01[13:51] {@Threei}  too short-lived to reveal all the consequences...
[13:55] {Alexs} "The New Deal" was the product of that time
01[14:01] {@Threei}  new deal was the crisis outcome
01[14:02] {@Threei}  socilaistic-leaning reactions to economic crises is usual phenomenon
[14:02] {Alexs} Roosevelt: Throughout the nation men and women, forgotten in the political philosophy of the Government, look to us here for guidance and for more equitable opportunity to share in the distribution of national wealth... I pledge myself to a new deal for the American people. This is more than a political campaign. It is a call to arms
[14:03] {Alexs} sounds familiar, huh?
01[14:03] {@Threei}  of course
01[14:03] {@Threei}  FDR was a socialist, what else is new
[14:04] {Alexs} 13 years without alcohol...
01[14:04] {@Threei}  GM: we will focus on becoming an industry leader in safety
01[14:04] {@Threei}  poor industry...
[14:07] {dino} i think govy knew about these issues and sold before they were disclosed
[14:08] {dino} govt
[14:10] {RonS} there was plenty of alcohol alex...ole man kennedy built his fortune running it out of canada, as did al capone etc...bootleggers in south spawned nascar through their drivers etc...bathtub beer...
01[14:10] {@Threei}  richest men in Canada too
[14:12] {Alexs} yeah Ron I saw it in a movies but the fact is there was no legal production and sale
[14:13] {Alexs} it was very "progressive" act
[14:14] {RonS} more moral impetus prompted by Carrie Nation
[14:18] {RonS} little know fact was that the per capita consumption of alcohol had gone down in the country by 66% since the 1840's by that time
[14:18] {RonS} but the country was on a morals kick stemming from the reaction to the drug addictions out the the Civil War
[14:19] {RonS} morphine addicition was terrible in the country in the 1870's and '80's...look up laudenum...
[14:20] {Alexs} so you think it was a right decision?
[14:21] {RonS} prohibition?
[14:21] {Alexs} yes
[14:21] {RonS} goes against the nature of man...unfortunately
[14:24] {dino} rax bs to .46
[14:26] {dptl} .56 for me
[14:28] {dino} to .39
01[14:28] {@Threei}  nice one
[14:28] {dptl} to .52 :)
[14:28] {dino} lol, wide on it
[14:28] {dptl} small
01[14:29] {@Threei}  dino, anytime you want me to smack dp for you, just say a word
[14:29] {dptl} and i got in at .76
[14:29] {dino} where you in short at?
[14:29] {dino} ok
[14:29] {dino} surprised it doesn't drop faster
[14:29] {nemo} first day of hopium
[14:30] {thomcbell} wow is it dead out there
[14:30] {dino} yeah
[14:30] {nemo} OP EX friday
[14:32] {dino} cov rax .39, +.31
[14:34] {RonS} alex, figured out why the Civil War caused addiction?
[14:35] {Alexs} why?
[14:37] {RonS} when you got wounded, if you did not die, the doctors probably amputated some limb on about 40% of the wounded...not time for slow treatment...morphine administered wantonly...veterans came home addicted
[14:37] {Alexs} oh
[14:37] {RonS} no retricitons to access in those days
[14:38] {Alexs} that was sad
[14:40] {RonS} noone knows this history
[14:41] {RonS} figured it out on my own when i wanted to write a research paper on the history of drugs in the US
[14:42] {Alexs} interesting fact
[14:43] {RonS} university i went to happened to have a huge collection of late 20th century newspapers etc...the stories were horrifying...that is why restrictions came
[14:44] {RonS} s/b late 19th
[14:50] {nathan} have a nice weekend
[14:51] {nathan} take care
01[14:51] {@Threei} Long Setup:  EBAY  .95 break
01[14:51] {@Threei}  If holds  .85
01[14:51] {@Threei}  have a good one nathan
[14:54] {dino} cya nat
[14:54] {dino} damn stop too tight rax
[14:54] {nemo} should have kept it a few cents above vwap
[14:58] {nemo} gap up on Monday
01[14:59] {@Threei}  up up and away
01[14:59] {@Threei}  FB spike
01[15:01] {@Threei}  stop to .89 EBAY
01[15:02] {@Threei}  should have been broken 52 already, with this market strength
[15:02] {goinshort} stuck at r2
[15:02] {nemo} so, if the market comes in, probably not a good idea to hang around
01[15:03] {@Threei}  that's why stop tightening
[15:04] {dptl} have a good weekend all, see ya monday
01[15:04] {@Threei}  take care dp
[15:13] {RonS} sheesh dino look daily ande
[15:15] {dino} grad death
01[15:16] {@Threei}  half out EBAY
[15:17] {dino} looking atr it ron, but supp looks lower by 2=/-
[15:18] {dino} would like to see more of a whoosh drop to it, bit too controlled
[15:20] {goinshort} out ebay - got a scalp - thanks
01[15:20] {@Threei}  :)
[15:20] {goinshort} thanks all -cya next week
[15:21] {dino} cya gs
01[15:21] {@Threei}  have a good one gs
01[15:24] {@Threei}  another photo sale, canvas.. http://www.arrestinglight.com/downtown/h299f55f9#h299f55f9
01[15:24] {@Threei}  I become popular {G}
[15:50] {dino} calling it a week, thanks all for ideas, gn
01[15:50] {@Threei}  take care dino
01[15:50] {@Threei}  thank you all
01[15:50] {@Threei}  have a great weekend, see you Monday!
[15:50] {dino} ron you had ande right
[15:52] {nemo} the old 2:00 pm melt up
[15:52] {nemo} too much fun for me aufwiedersehen
[15:56] {thomcbell} good weekend all

Thursday, May 15, 2014

May 15 2014

This Catch of the Day is about so-called DKTK way to trade standard setups. Stands for Don't Kid The Kidder, and essentially comes to the following: when during lunch time market starts shaking out traders using standard entries, we stop taking those. Instead we wait for a setup to fail, and enter after the stops get hit. Chart below with comments embedded will help to see it. Standard entry would have been around .82 with stop under .70, and it would have been stopped. Instead, we waited for this to happen and bought .71 after the shakeout. Market got rid of the premature buyers and proceeded to 1:3.


Overall, quite spectacular day with 1:3 and 1:2 trades generously sprinkled throughout, and just two stops. Finished with 1:3 on IWM as well.

[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
[09:06] {dptl} good morning
01[09:06] {@Threei}  dp :)
[09:14] {troub} good morning you all
01[09:14] {@Threei}  troub :)
[09:14] {thomcbell} gm
01[09:14] {@Threei}  thom :)
01[09:15] {@Threei}  *(US) APR INDUSTRIAL PRODUCTION M/M: -0.6% V 0.0%E; CAPACITY UTILIZATION:78.6 % V 79.1%E- Manufacturing Production: -0.4% v +0.3%e
01[09:18] {@Threei}  US 10-year yeild tests 2.5% for first time since last fall
[09:18] {nathan} gm all
01[09:18] {@Threei}  nathan :)
01[09:19] {@Threei}  bond vigilantes are about to start shooting themselves?
01[09:20] {@Threei}  WMT -3% this fine morning
[09:20] {RonS} gm
01[09:20] {@Threei}  Wal-Mart Stores Inc Reports Q1 $1.11 v $1.15e, R$115B v $115.9Be- Guides Q2 $1.15-1.25 v $1.28e, Walmart US SSS seen 'relatively flat'
01[09:20] {@Threei}  ron :)
01[09:20] {@Threei}  now, this amazes me:
01[09:20] {@Threei}  Wal-Mart Stores Inc On track to open in FY15 115 super centers, 180-200 neighborhood stores and 90-100 express stores - conf call
01[09:21] {@Threei}  they still haven't run out of cities to put stores in?
[09:21] {RonS} no kidding
[09:23] {ese} morning...awesome get to make it for part of another day
01[09:23] {@Threei}  ese :)
[09:23] {ese} morning vad
[09:24] {RonS} bada bing ese
[09:24] {ese} mornin ron......
[09:26] {goinshort} morning all
01[09:26] {@Threei}  gs :)
[09:27] {RonS} nq Block clocked
01[09:28] {@Threei}  will keep WMT on radar
01[09:29] {@Threei}  it was a bit too narrow lately but today's gap might reactivate it
[09:29] {Alexs} good morning
01[09:29] {@Threei}  alex :)
01[09:30] {@Threei} Long Setup:  FB  .90 break
[09:30] {dino} emes drop
01[09:30] {@Threei}  yeah right
01[09:30] {@Threei}  30 cents in a blink of eye
01[09:32] {@Threei} Long Setup:  WMT  .60 break hl
01[09:32] {@Threei}  If holds  .50
01[09:33] {@Threei}  1:1
01[09:34] {@Threei} Short Setup: AIG  .35 break
01[09:35] {@Threei}  If holds  .45
01[09:35] {@Threei}  1:2  WMT
01[09:36] {@Threei}  trail to .41 AIG
[09:36] {nathan} gj WMT
01[09:36] {@Threei}  ty
[09:37] {thomcbell} fnsr 23 break if holding 23.10
01[09:37] {@Threei}  tough spread thom
01[09:38] {@Threei}  1:1  AIG
[09:38] {nemo} you should hold a piece of WMT as long as you can
[09:39] {thomcbell} fnsr 1:1
01[09:39] {@Threei}  yeah, has more upside
01[09:39] {@Threei}  1:2  AIG
[09:40] {thomcbell} will close out fnsr at 22.70 and 22.60
01[09:42] {@Threei}  nice one
[09:43] {thomcbell} flat fnsr
01[09:46] {@Threei} Long Setup:  WMT  .70 break
01[09:46] {@Threei}  If holds  .60
01[09:46] {@Threei}  WMT Tier 1 Firm reiterates Buy rating, price target $90
01[09:47] {@Threei}  timely
01[09:47] {@Threei}  1:1
[09:47] {dino} yy sm l .00 wide
01[09:47] {@Threei}  1:3  AIG
01[09:47] {@Threei}  out in full
01[09:48] {@Threei}  (US) Preview: May NAHB Housing Market Index due out at 10:00ET (14:00 GMT)- Consensus expectations: 49e v 47 prior **Reminder: The Jan reading of 46 was the lowest since May 2013 while the Dec reading of 58 matched an eight-year high seen in Aug
01[09:48] {@Threei}  (US) Preview: May Philadelphia Fed Business Outlook expected at 10:00 ET (14:00 GMT)- Consensus expectations: 14.0e v 16.6 prior (**Note: The April reading was the highest since Sept 2013))
01[09:50] {@Threei}  1:4... can I have some back?
[09:50] {dino} yy stop
01[09:51] {@Threei}  Russian President Vladimir Putin says from next month Russia will only deliver gas to Ukraine if it pays in advance
01[09:51] {@Threei}  right... the easiest way to pump those IMF funds into russian pockets
01[09:58] {@Threei} Long Setup:  AIG  .05 break
01[09:58] {@Threei}  if numbers are good and market bounces
[09:59] {dino} yy sm l .50
01[09:59] {@Threei}  *(US) MAY NAHB HOUSING MARKET INDEX: 45 V 49E
01[09:59] {@Threei}  *MAY PHILADELPHIA FED BUSINESS OUTLOOK:15.4 V 14.0
01[09:59] {@Threei}  AIG valid
01[09:59] {@Threei}  If holds  .95
[10:04] {RonS} scty lights out
01[10:04] {@Threei}  WMT tries
01[10:05] {@Threei}  trail AIG to .99
[10:09] {nathan} nice breakdown on C
01[10:12] {@Threei}  meh
[10:12] {nemo} look for bounce spy at 187 with floor around 186.80
01[10:13] {@Threei}  observing ETFs to see which is the best to capture these downward moves...
01[10:13] {@Threei}  TZA is so-so
01[10:14] {@Threei}  but FAZ looks just right
[10:14] {nemo} algo at extreme selling
01[10:20] {@Threei} Long Setup:  FB  .20 break
01[10:20] {@Threei}  If holds  .10
01[10:20] {@Threei}  change to .10 break
01[10:20] {@Threei}  If holds  58
01[10:22] {@Threei}  1:1
01[10:23] {@Threei}  1:2
[10:28] {nemo} QCOR only green stock
[10:28] {nathan} and MSFT
01[10:29] {@Threei}  (GR) Greece Finance Ministry denies earlier reports that it would be putting a retroactive tax on capital gains booked in 2014 by foreign holders - press- Clarifies that capital gains booked on Greek bonds by foreign holders between Feb 29, 2012 and Dec 31, 2013 are still subject to the old tax code put in place in 2012.
01[10:34] {@Threei} Short Setup: FB  58 break
01[10:34] {@Threei}  If holds  .10
[10:35] {nemo} finnies new lows
01[10:35] {@Threei}  valid
01[10:36] {@Threei}  lol
01[10:36] {@Threei}  good luck getting it
[10:37] {thomcbell} wmt 77.15 short break if holding 77.23
[10:37] {thomcbell} 1:1
[10:42] {dino} ssys sm l .99
[10:44] {thomcbell} aal 38 long break if holding 37.90
01[10:45] {@Threei} Short Setup: GLD  .20 break
01[10:45] {@Threei}  If holds  .30
[10:58] {nathan} why is so frozen?
01[10:58] {@Threei}  ?
[10:59] {nathan} spy
[10:59] {nathan} after the fall, only moves in this range?
01[11:00] {@Threei}  morniong activity time is over, lunch lull starts
[11:00] {nemo} after fall consolidatin is to be expected
01[11:00] {@Threei}  market does it every day
[11:00] {nathan} ok, i'm not used to
[11:00] {nemo} rythms of the market
[11:02] {Alexs} very poetically nemo
[11:02] {cosmo} nap time
[11:13] {dino} out ssys .41, +.42
[11:17] {nathan} good one dino!
[11:19] {dino} ty
[11:20] {nathan} btw you like risk! 20c of spread...
01[11:28] {@Threei}  watching IWM for DKTK
01[11:29] {@Threei}  watching IWM for DKTK
01[11:29] {@Threei} Long Setup:  IWM  .70 break
[11:29] {nathan} dont kid the kidder? :-)
01[11:29] {@Threei}  If holds  .60
01[11:29] {@Threei}  yup
01[11:29] {@Threei}  .80 was standard rentry
01[11:29] {@Threei}  stop would have been under .70
01[11:29] {@Threei}  so that's where we try
01[11:31] {@Threei}  trail to .64
[11:31] {dino} ssys sm l .71
01[11:31] {@Threei}  takes too long to say honestly
01[11:32] {@Threei}  finally
01[11:32] {@Threei}  1:1
01[11:32] {@Threei}  1:2
01[11:32] {@Threei}  DKTK, baby :)
01[11:32] {@Threei}  one of my finest inventions
01[11:33] {@Threei}  again... love the clear structure of the p[lay
01[11:33] {@Threei}  that engineer's nature, Alex :)
01[11:33] {@Threei}  this time it was in tune with your animal's one
[11:34] {Alexs} :)
01[11:34] {@Threei}  I think I'll make a screenshot to illustrate it better
01[11:35] {@Threei}  1:3
01[11:35] {@Threei}  over and out
01[11:36] {@Threei}  for a lunch time, not too shabby
[11:37] {Alexs} honestly more looks like a db setup now
01[11:38] {@Threei}  charts are like rorschach spots
01[11:38] {@Threei}  you can find various things in them
01[11:38] {@Threei}  but you do see .80 break long?
01[11:38] {@Threei}  which btw could have been that same db, with standard trigger
01[11:38] {@Threei}  it would have been stopped out under .70
[11:38] {Alexs} conservative yes
01[11:39] {@Threei}  instead, we let it break and drop, and bought it there
01[11:39] {@Threei}  which is the definition of DKTK
[11:40] {dino} what does dktk stand for?
[11:40] {Alexs} whatever as long as it gave 1:3 I'm ready to accept eny name of it
01[11:41] {@Threei}  "what's in the name..."
01[11:41] {@Threei}  or, "as you name the boat, so will it float"
[11:43] {troub} covered in 111?
01[11:44] {@Threei}  no
01[11:44] {@Threei}  this is not a separate setup
01[11:44] {@Threei}  this is a certain way to play any other setup
[11:46] {ese} once again another morning wasted...........sigh......cya tomorrow
01[11:46] {@Threei}  great
[11:46] {Alexs} lol
01[11:46] {@Threei}  thank you for sound endorsement
[11:46] {nathan} ?
[11:47] {nathan} did i missed anything?
01[11:47] {@Threei}  ese is special case nathan... busy with phone calls and arrangements for his band, misses trades :)
[11:47] {nathan} ok
[11:48] {Alexs} people of art need pain to feel good
[11:48] {nathan} lol
[11:48] {dptl} lol
01[11:48] {@Threei}  and we have a man just for that
[11:48] {Alexs} rofl
01[11:48] {@Threei}  I mean, nemo is a walking pain delivery device
[11:55] {nemo} part of the soul development process
01[11:55] {@Threei}  or extraction?
[11:57] {RonS} buffalo springfield:  she's got soul
[11:58] {RonS} still's guitar riff a classic
[12:18] {thomcbell} i wish you all some good trades - have to run
[12:19] {Alexs} take care tbell
[12:19] {nathan} take care
01[12:19] {@Threei}  take care thom
[12:35] {dino} out ssys .40, +.69
01[12:40] {@Threei}  wtg'
[12:43] {dino} ty
01[12:49] {@Threei}  do you know how is National Bank of Ukraine like Elvis?
01[12:49] {@Threei}  here:
01[12:49] {@Threei}  Employees of the department of the National Bank of Ukraine (NBU) in Donetsk region have left the building.
[12:52] {RonS} lol
[12:53] {Alexs} didn't get it Vad
[12:53] {RonS} that's true blue American corn...
[12:54] {RonS} feeling like Jesus after his first conversion...
[12:54] {RonS} :)
01[12:56] {@Threei}  akex... http://en.wikipedia.org/wiki/Elvis_has_left_the_building
01[12:56] {@Threei}  k=l
[12:57] {dino} l hl tna .70
[13:00] {dptl} leaving early.....see ya tomorrow all
01[13:00] {@Threei}  hold on dp
[13:00] {dino} cya dp
01[13:00] {@Threei}  wanted to give you and alex a link, for when you have free 10 min
[13:00] {dptl} ok
01[13:00] {@Threei}  http://torum.org/index.php?topic=7702.1800
01[13:01] {@Threei}  unreal
01[13:01] {@Threei}  reports from apartments, people in the middle of Slavyansk, gunfight non-stop
01[13:01] {@Threei}  reads like from another universe
01[13:02] {@Threei}  as they report where the dhooting and explosions are right now, so those who need to go to the store or something know when the risk is higher
[13:03] {dptl} crazy....
01[13:04] {@Threei}  ,link is to the third oage from the end, click next to see current
[13:06] {dptl} cant beleive its heppening over there
01[13:06] {@Threei}  yeah
[13:06] {dptl} ok...see ya tomorrow, got to go
01[13:07] {@Threei}  take care
[13:09] {dino} tna stop -.20
[13:10] {Alexs} three month ago it would sound unbeleivable now it's no news for me Vad
01[13:14] {@Threei}  someone just ordered large print of this image of mine: http://www.arrestinglight.com/p886063636/h3071b853#h3071b853
01[13:14] {@Threei}  pleasant to know it will be on someone's wall
[13:17] {RonS} when did you talk the pm into renaming the province after you?
[13:17] {RonS} ...vritish columbia...
[13:18] {RonS} :)
01[13:18] {@Threei}  I did?
[13:18] {Alexs} then everybody will order Vad's image
01[13:18] {@Threei}  ahh... thanks, will fix it :)
[13:19] {RonS} look at the below the picture...
01[13:20] {@Threei}  done :)
01[13:28] {@Threei}  LOL... they put it in words openly now:
01[13:28] {@Threei}  Medvedev urges EU to give Kyiv more money, make it repay gas debts
[13:29] {Alexs} why should they conceal it?
01[13:30] {@Threei}  they always protested EU help to Ukraine in public, while appreciating it as theit own money pump behind the curtains
[13:30] {Alexs} looks like it's just ukrainian government doesn't get it
[13:32] {dino} tna rinsed
[13:33] {Alexs} when europe gave first money to Ukraine they said it was for gas payment as well
01[13:34] {@Threei}  and Moscow protested
01[13:34] {@Threei}  now they don't
[13:34] {RonS} russian negotiation?  http://tinyurl.com/nams2tg
01[13:34] {@Threei}  looks soft Ron
[13:35] {dino} tna hl l .70
01[13:35] {@Threei}  kidnap the dog, take it to the forest, torture it for 3 days, then call the meeting - and at that meeting present a dog and a gun
[13:37] {Alexs} Vad, did you read that Biden's son is now in the board of directors of ukrainian gas and oil company ?
01[13:37] {@Threei}  yes
01[13:37] {@Threei}  imbeciles
[13:37] {Alexs} nice
01[13:37] {@Threei}  whole white house currently are imbeciles
[13:38] {dino} agreed
01[13:38] {@Threei}  they have no slightest idea how this plays out
01[13:38] {@Threei}  all the propaganda about USA staging whole Ukrainian revolution suddenly got solid confirmation
01[13:39] {@Threei}  Kremlin can't believe their luck and the incompetence of the opponent
01[13:40] {@Threei}  and their ctahcphrase now is, "and these people lecture us about corruption?"
01[13:41] {@Threei}  remember little Johnny reaction when he looked in the keyhole of parents' bedroom?
01[13:41] {@Threei}  "And these people forbid me to pick my nose?"
[13:44] {Alexs} lol
[13:45] {nathan} have a gn
[13:45] {nathan} take care
01[13:45] {@Threei}  take care nathan
01[13:49] {@Threei}  can we pick someone responsible for reelecting current wh host and beat him up?
[13:50] {Alexs} I searched in the internet who is the owner of that company, last was one of Yanukovich's friend, who is now nobody knows
01[13:50] {@Threei}  perfect background for making it look like whole thing is transfer from former owners to USA
[13:53] {Alexs} btw russians still haven't played that situation
01[13:55] {@Threei}  it's all over the interenet
01[13:55] {@Threei}  social networks, forums
[13:57] {dino} out tna .22, +.52
01[13:58] {@Threei}  nice
01[13:58] {@Threei}  Russia to cease space station cooperation
[14:00] {Alexs} it hits russia primarily I think
[14:01] {Alexs} it's very strange that Putin made that move first, looks stupid
[14:08] {Alexs} http://www.bloombergview.com/articles/2014-05-14/russia-is-turning-elon-musk-into-tony-stark
01[14:08] {@Threei}  yeah, his time to shine
01[14:10] {@Threei}  TZA bounce time soon
[14:12] {Alexs} In the latest referendum, on May 18, Swiss voters will decide whether to introduce the world’s highest minimum wage, paying workers at least 22 francs ($25) per hour or 4,000 francs a month
[14:13] {Alexs} happy Less
01[14:13] {@Threei}  will they double taxes to pay for that?
[14:14] {Alexs} no they will use Yanukovich money
01[14:14] {@Threei}  oh
01[14:14] {@Threei}  so no hope for me to get my share
[14:14] {Alexs} it will be enough for next 100 yars I guess
[14:15] {Alexs} years
01[14:15] {@Threei}  I mean, when I immigrated I was told that I sold my motherland out
01[14:15] {@Threei}  I am still waiting for my share from that sale
[14:15] {Alexs} lol
01[14:19] {@Threei} Long Setup:  IWM  .40 break
01[14:19] {@Threei}  If holds  .30
01[14:20] {@Threei}  change to .30
01[14:20] {@Threei}  If holds  .20
01[14:20] {@Threei}  1:1
[14:21] {nemo} gotta' love OP EX
01[14:21] {@Threei}  we do
01[14:24] {@Threei}  1:2
01[14:25] {@Threei}  1:3
01[14:25] {@Threei}  me out
01[14:25] {@Threei}  me happy
01[14:25] {@Threei}  tree pretty
[14:25] {Alexs} nice catch Vad :)
01[14:25] {@Threei}  fire bad
01[14:25] {@Threei}  me do nice catch
01[14:25] {@Threei}  ummm... this didn't come out exatly right
01[14:26] {@Threei}  one of those days that reward a week of churning
[14:33] {goinshort} nice call IWM !
01[14:34] {@Threei}  :)
[14:35] {dino} 07 green
[14:38] {dino} out yy from morning, .65, +1.15
01[14:40] {@Threei}  cool
[14:41] {dino} ty
[14:46] {Alexs} I propose to introduce a minimum wage for day traders 1/10 of dino income
[14:47] {dino} then i will go on strike as they did in atlas shrugged
[14:47] {Alexs} lol
[14:55] {RonS} outta here early...see y'all tomorrow
01[14:55] {@Threei}  take care ron
[15:04] {Alexs} http://www.bloomberg.com/news/2014-05-14/eu-east-west-defense-divide-emboldens-putin-s-arc-of-inst.html
[15:05] {Alexs} Look at the map on Putin's picture in that article Vad
[15:05] {Alexs} Crimea is shown as part of Russia already
01[15:07] {@Threei}  yeah
01[15:16] {@Threei}  trying to decipher last move direction
01[15:25] {@Threei} Long Setup:  IWM  .60 break
01[15:25] {@Threei}  If holds  .55
01[15:25] {@Threei}  very tight, to have another chance if this is not the reversal
01[15:27] {@Threei}  1:1
[15:28] {Alexs} you're like Sherlock Holms today Vad
01[15:28] {@Threei}  but... it IS elementary
[15:28] {Alexs} nice deciphering
01[15:29] {@Threei}  :)
[15:31] {goinshort} took the 1:1 thanks
01[15:31] {@Threei}  yw
01[15:33] {@Threei}  1:2
01[15:34] {@Threei}  1:3
01[15:34] {@Threei}  out
01[15:34] {@Threei}  done for the day
01[15:35] {@Threei}  thank you all, have a grfeat evening
01[15:35] {@Threei}  see you tomorr'ow
[15:35] {goinshort} u2 thanks
01[15:35] {@Threei}  :)
[15:35] {Alexs} gj

May 14 2014

Low volume narrow day. Some obscure stocks worked better, like 1:3 on ABBV. Usual suspects were rather back and forth.

Session Time: Wed May 14 00:00:00 2014
[08:59] {dino} gm
01[08:59] {@Threei}  dino :)
[09:06] {troub} good morning to the 4 of you
01[09:06] {@Threei}  troub :)
01[09:06] {@Threei}  people sleep to the last moment
[09:09] {dptl} good morning
[09:09] {RonS} hi guys
01[09:09] {@Threei}  dp :)
01[09:09] {@Threei}  ron :)
[09:10] {nemo} no spy volume to speak of
[09:11] {nemo} and I'm out of vodka
01[09:11] {@Threei}  uh oh
01[09:11] {@Threei}  we don't want that
[09:11] {nemo} gonna' be a rough day
[09:12] {nemo} PPI was up against estimates
01[09:15] {@Threei}  *(CA) CANADA HOUSE PRICE INDEX: 161.28 V 160.42 PRIOR
01[09:15] {@Threei}  never stopped rising
[09:15] {nemo} nor do the taxes
01[09:15] {@Threei}  not really
01[09:16] {@Threei}  slightly lower even
01[09:17] {@Threei}  we are bucking the world's leftist trend
[09:24] {nemo} spy not even a million shares, gonna' likely be a quiet day
01[09:24] {@Threei}  stock selective trading
[09:25] {Alexs} good morning
01[09:25] {@Threei}  alex :)
01[09:26] {@Threei}  some imagery is just... a military camp has been set in former child summer camp. Here is result:
01[09:26] {@Threei}  http://www.kyivpost.com/media/images/2014/05/14/p18nt1sgpt1lom9qo132g1b58sh74/big.jpg
01[09:27] {@Threei}  sign written in childishly looking letters says "welcome"
01[09:31] {@Threei} Short Setup: FB  .40 break hl
01[09:31] {@Threei}  If holds  .50
01[09:31] {@Threei}  nah
[09:33] {cosmo} knife bounced
[09:33] {nemo} GMCR likely in play on short side today
[09:34] {dino} data smr l .20
01[09:34] {@Threei} Long Setup:  IWM  .85 break
01[09:34] {@Threei}  If holds  .75
01[09:34] {@Threei}  Invalidated
01[09:35] {@Threei}  wow
01[09:36] {@Threei}  what was that
01[09:36] {@Threei}  (RU) Reportedly the US is building the case for targeted sanctions against Russia energy industry; US may be able to apply sanctions without EU support - FT- US would like to block exports of oil and gas technology only for new projects run by state-controlled companies, but allow exports of oil and gas equipment and services to existing oil and gas fields. - Goal would be to put the future development of Russia's energy infrastructure and industry in doubt. - Exempting private sector companies would also help their local rivals such as Novatek, the Russian independent gas group, which would probably be allowed to go ahead with Yamal LNG - The US is seeking support from European countries for its plan, but that may not be necessary
01[09:37] {@Threei} Long Setup:  FB  .45 break
01[09:37] {@Threei}  If holds  .35
01[09:37] {@Threei}  1:1
01[09:37] {@Threei}  that was fast
01[09:38] {@Threei} Long Setup:  IWM  .60 break
01[09:38] {@Threei}  If holds  .50
01[09:38] {@Threei}  1:1
01[09:39] {@Threei}  sheesh FB
01[09:39] {@Threei}  I doubt anyone got it but if you did, exit time
[09:39] {cosmo} unnecessary because they already requested it?
[09:43] {dino} data to .68
01[09:43] {@Threei}  IWM is coming back for one more entry
01[09:43] {@Threei}  desirably from under .60
01[09:44] {@Threei}  FB hit 1:6, lol
[09:44] {dino} out data .89, +1.69
01[09:44] {@Threei}  wtg
[09:44] {dino} ty
[09:46] {troub} very good dino
[09:46] {dino} ty
01[09:47] {@Threei} Short Setup: FB  .05 break
01[09:47] {@Threei}  If holds  .15
01[09:48] {@Threei}  trail to .11
01[09:48] {@Threei}  1:1
01[09:50] {@Threei}  trail to .01
[09:51] {dino} wow zu on lockup exp
01[09:52] {@Threei} Short Setup: WMT  .55 break
01[09:52] {@Threei}  If holds  .65
[09:53] {dino} zu smr l .33
[09:53] {dino} out zu .73, +.40
[09:55] {dino} pall
[09:55] {dino} to fast
[09:56] {dino} too, too
01[09:56] {@Threei}  two toos?
[09:57] {dino} tu-tu
01[09:57] {@Threei}  trail to .61
01[10:00] {@Threei}  meh
[10:00] {dino} 07 green
01[10:01] {@Threei}  feels like one last pullback, and then melt-up
01[10:06] {@Threei} Long Setup:  P  .50 break
01[10:06] {@Threei}  If holds  .40
[10:06] {thomcbell} in what Vad
[10:06] {thomcbell} in market in general?
01[10:06] {@Threei}  melt-up?
01[10:06] {@Threei}  yes
01[10:06] {@Threei}  market
[10:06] {nemo} DAX flat
01[10:07] {@Threei}  rcford, see private message please
[10:07] {nemo} wow...he gets a private message
01[10:25] {@Threei}  mama
01[10:25] {@Threei}  It's May 14 and it's snowing at Portage Avenue and Main Street in Winnipeg.
01[10:25] {@Threei} Long Setup:  IWM  .50 break
01[10:25] {@Threei}  If holds  .40
[10:28] {dino} dxpe smr l .45
01[10:29] {@Threei}  this should be it... up and away
01[10:30] {@Threei} Long Setup:  TWTR  .55 break hl
01[10:31] {@Threei}  If holds  .45
01[10:32] {@Threei}  1:1
01[10:32] {@Threei} Long Setup:  FB  .20 break
01[10:33] {@Threei}  If holds  .10
01[10:33] {@Threei}  change to .15 break
01[10:33] {@Threei}  If holds  .05
[10:38] {Alexs} FB valid?
01[10:38] {@Threei}  yes
01[10:39] {@Threei}  no go
01[10:43] {@Threei}  hmmm... no enthusiasm
[10:46] {dino} twtr stop -.12
01[10:49] {@Threei}  here comes my long expected melt-up
01[10:51] {@Threei} Long Setup:  CAT  .65 break
01[10:51] {@Threei}  If holds  .55
01[10:53] {@Threei}  Invalidated
01[10:53] {@Threei}  for now
01[10:53] {@Threei} Long Setup:  CAT  .50 break
01[10:54] {@Threei}  If holds  .40
[10:54] {Alexs} CAT hl?
01[10:55] {@Threei}  3/4...
[10:55] {Alexs} lol
01[10:55] {@Threei}  seriously
[10:55] {Alexs} ok
01[10:55] {@Threei}  it's not as volatile as to warrant hl
01[10:55] {@Threei}  not as thick as to allow full lot
[10:55] {Alexs} yes
01[10:57] {@Threei}  hmmm... rally can't take firm root
[10:58] {nemo} DAX flat
[10:59] {dino} doesn't seem to want to hold
[10:59] {dino} 07 red
[11:10] {dino} jgw blood
01[11:13] {@Threei} Long Setup:  ABBV  .60 break
01[11:13] {@Threei}  If holds  .50
01[11:22] {@Threei}  let's trail CAT to .44
01[11:24] {@Threei}  1:1
01[11:24] {@Threei}  finally
[11:31] {dino} jgw l .64
01[11:32] {@Threei}  ABBV stop to .54
[11:32] {dino} out jgw .86, +.22
01[11:32] {@Threei}  forms nice C&H
01[11:33] {@Threei}  that's too fast dino... you can't do that
01[11:33] {@Threei}  let's take half off ABBV
[11:35] {dino} sorry, i'll give it back
01[11:35] {@Threei}  please
01[11:36] {@Threei}  1/4 more out
[11:37] {dino} dxpe maybe open gap attack
01[11:40] {@Threei}  1:2
01[11:48] {@Threei}  1:3
01[11:48] {@Threei}  out'
01[11:48] {@Threei}  obscure stock treades better than many of maonstream ones
01[11:48] {@Threei}  1/2 cat
01[11:48] {@Threei}  1:2  CAT
[11:51] {dino} gj
01[11:51] {@Threei}  ty
01[12:16] {@Threei} Short Setup: P  24 break
01[12:16] {@Threei}  If holds  .10
[12:37] {dino} cyn smr l .85
[12:42] {thomcbell} A 56 long break if holding 55.90
[12:45] {Alexs} time for dktk setaps Vad?
[12:45] {nemo} napizdiel
[12:45] {Alexs} setups too
[12:47] {Alexs} lol nemo now I see you have a great expertise in russian translation
01[12:47] {@Threei}  i think so alex
01[12:47] {@Threei}  lol
[12:47] {thomcbell} A 1:1
[12:48] {nemo} just enough to be dangerous
[12:48] {nemo} I take Russian on Monday nights
[12:48] {nemo} byproduct of book night
[12:52] {RonS} whr spin out
[12:52] {nemo} yeah, number 5 weak on the algo today  pnc lvs de len whr
[12:54] {RonS} probably purchased 20000 whr pieces in former career
[12:55] {RonS} 6-12 truckloads per week
[13:01] {dino} cyn stop .67 -.18
[13:08] {RonS} fwiw major appliance biz is amazingly seasonal
[13:08] {RonS} may, june, july, november the big months
[13:09] {RonS} may = laundry, june, july = reefers, nov = cooking
[13:11] {RonS} freekin soda missed us biz big and is up 3%
[13:15] {nemo} LVS
[13:22] {dino} panw sm l .15
01[13:31] {@Threei}  LVS looks interesting for recovery
01[13:31] {@Threei} Long Setup:  LVS  .81 hl
01[13:31] {@Threei}  and will add another half on pillback or on break of .90
[13:33] {Alexs} explain pls about add on pullback Vad
01[13:34] {@Threei}  if .80 break after pullback from .90 is real entry point, LVS should break .90 and go, as it already rinsed firsat buyers, so we can add half lot at .90 break.
01[13:34] {@Threei}  If it's not, then another rinse will follow,
01[13:35] {@Threei}  and actual entry should occur around .70
01[13:35] {@Threei}  The odds are fairly even,
01[13:35] {@Threei}  so I am trying to accomodate both scenarios
01[13:35] {@Threei}  by taking half here
[13:35] {troub} and stp @70?
01[13:35] {@Threei}  and adding half on .90 break or around .70
[13:35] {Alexs} ok thanks
01[13:35] {@Threei}  no
01[13:36] {@Threei}  .70 would be adding another half, with stop for the whole thing under .65
01[13:36] {@Threei}  so far first scenario plays out
[13:36] {troub} ok
01[13:36] {@Threei}  second half here
01[13:36] {@Threei}  average is about .86
01[13:36] {@Threei}  stop .75
01[13:37] {@Threei}  jujst under the low of that long red bar
[13:37] {Alexs} so 1:1 is about .95
01[13:37] {@Threei}  13:28
01[13:37] {@Threei}  right
01[13:38] {@Threei}  of course if you are more comfortable with scalp, you can simply start taking profit around 1:1 from first entry
01[13:38] {@Threei}  it's good to have options
01[13:44] {@Threei}  trail stop to .79 now
01[13:44] {@Threei}  under the low of this last pullback, bottomed out at .81
01[13:44] {@Threei}  love the clear structure of this play
[13:45] {Alexs} lol
01[13:46] {@Threei}  what? look at the chart, it's so logical
01[13:46] {@Threei}  my engineer's nature appreciates this kind of things
[13:47] {Alexs} my animal nature prefer 1:3 ASAP
01[13:47] {@Threei}  well, yes... can't argue with that
[13:47] {Alexs} :)
01[13:47] {@Threei}  but be careful reevealing your animal nature with avid hunter nemo around
[13:48] {Alexs} oh yeah am scared
01[13:49] {@Threei}  oh well
[13:50] {Alexs} that was entertaining
[13:55] {thomcbell} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[13:57] {@Threei}  40 cents SPY range
01[13:58] {@Threei}  ABBV is about the only darling of the day
[14:02] {dino} afternoons are dead
01[14:02] {@Threei}  today afternoon started early, lol
[14:08] {nathan} hi sirs
01[14:09] {@Threei}  hi nathan
01[14:09] {@Threei}  gravity suddenly appeared
01[14:10] {@Threei}  not muc but still
[14:10] {nathan} what happened today? SPY only 36M???
01[14:10] {@Threei}  yeah, light trading
[14:10] {nathan} you didnt play today?
[14:10] {nathan} :-)
[14:11] {nemo} 48 million is the lowest volume over the last 1000 trading days
[14:11] {dino} wow
[14:11] {nathan} we'll have a new record
[14:11] {nemo} I lied 45,368,800
[14:12] {dino} only good thing i can see is thats its low volume on down day
[14:12] {thomcbell} so we are on pace for the slowest trading day in 1000 days?
[14:12] {dino} which makes it feel like a thousand years
[14:12] {nemo} Having said that, you kinda' got to throw out 2008-2010 as volume extremes given the period
[14:13] {dino} yeah, but they are not within 1000 days
[14:13] {Alexs} 1000 days is a very important range I guess
[14:13] {nemo} 1000 trading days
[14:14] {nemo} you have about 220 trading days a year
[14:14] {dino} ok
[14:14] {Alexs} in the USSR thay liked 5 years more
[14:14] {nemo} actually 365-104-8
[14:15] {nemo} hahahaha
[14:15] {nemo} you should spend more time with Les
[14:17] {nemo} I just have daily data going back that far
[14:18] {dino} panw stop -.23
01[14:22] {@Threei} Long Setup:  ABBV  53 break
01[14:22] {@Threei}  If holds  .90
[14:34] {dino} wtf, panw and cyn both rinsed
[14:41] {nathan} I stop for today
[14:42] {nathan} wtf of day
[14:42] {nathan} gn gents! see you tomorrow
01[14:43] {@Threei}  what did you trade?
[14:43] {nathan} I tried FN
[14:43] {nathan} FB
[14:43] {nathan} bad read
01[14:43] {@Threei}  Invalidated  ABBV
[14:48] {nathan} nice fall FB now
01[14:48] {@Threei}  no news
[14:51] {nathan} should we see a spike meaning the end of the fall?
01[14:52] {@Threei}  with this volume, anyone's guess
01[14:52] {@Threei}  rather yes
01[15:04] {@Threei} Long Setup:  FB  .55 break
01[15:04] {@Threei}  .c .45
01[15:04] {@Threei}  If holds  .45
[15:04] {RonS} ire drop
01[15:05] {@Threei}  two sided
01[15:05] {@Threei}  ugh, late
01[15:05] {@Threei}  argh
01[15:06] {@Threei}  1:1 on short side
01[15:06] {@Threei}  was a tad late with alert
01[15:09] {@Threei}  shoot me now
01[15:15] {@Threei} Long Setup:  FB  .25 break
01[15:15] {@Threei}  If holds  .15
[15:17] {dino} emes drop
[15:17] {dino} smr l .10
01[15:19] {@Threei}  half out
01[15:19] {@Threei}  1:1
[15:26] {nemo} check out an sso long here above .37 stop under .30
[15:28] {dino} out emes .40, +1.30
01[15:28] {@Threei}  whew
01[15:28] {@Threei}  that was nice one dino
[15:29] {dino} lucky
01[15:29] {@Threei}  of course
01[15:34] {@Threei} Short Setup: LVS  .50 break
01[15:35] {@Threei}  If holds  .60
[15:37] {nemo} 188.75 spy is S4 on daily
[15:45] {dptl} see ya tomorrow all
01[15:46] {@Threei}  take care dp
01[15:57] {@Threei}  probably a breather day
01[15:57] {@Threei}  pullback on light volume
[15:57] {dino} gn all
01[15:57] {@Threei}  thank you all, have a good evening
01[15:57] {@Threei}  see you tomorrow
Session Time: Thu May 15 00:00:00 2014

Tuesday, May 13, 2014

May 13 2014

Decent day with a few 1:3 and 1:2 plays. FB (several times), CAT, DAL worked fine. One of the FB trades gave a nice unusual setup that we call Don't Kid The Kidder.

Session Time: Tue May 13 00:00:00 2014
[09:06] {dino} gm
01[09:06] {@Threei}  morning dino
01[09:14] {@Threei}  FB slightly negative
01[09:14] {@Threei}  trying to recover
[09:14] {nemo} bear flagging
[09:15] {nemo} EURO: Bundesbank - open to significant ECB stimulus - sources. EURO drifitng
01[09:16] {@Threei}  so many years after crisis hit, they still need stimulus?
[09:16] {nemo} market can only go in one direction and volatility is outlawed
[09:17] {nemo} learned new word last night:  Napizdiel
01[09:17] {@Threei}  lol
[09:18] {nemo} I learned another one, but that disappeared with the second bottle of rum
[09:19] {nemo} iwm bear flagging on the 5 minute
[09:20] {troub} good morning you all
01[09:20] {@Threei}  troub :)
01[09:22] {@Threei}  let's see if FB .85 break shapes up
01[09:23] {@Threei}  also, AIG might be interesting
01[09:23] {@Threei}  daily is either breakout or double top
[09:23] {RonS} gm
01[09:23] {@Threei}  ron :)
[09:25] {ese} right then lads!!!!!!!.....swab that poop deck!!!!!!
01[09:26] {@Threei}  you are scaring me ese
[09:27] {ese} lol
[09:28] {ese} gotta do something to keep from going crazy......have got and event planned or somekind of rehearsal every night for the next 2 weeks
[09:31] {Alexs} good morning
01[09:31] {@Threei}  alex :)
[09:31] {ese} alex
[09:31] {Alexs} ese
01[09:32] {@Threei} Long Setup:  FB  .70 break hl
01[09:32] {@Threei}  If holds  .60 
01[09:32] {@Threei}  too fast
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  lol
01[09:33] {@Threei} Long Setup:  AIG  .50 break
01[09:33] {@Threei}  If holds  .40 
01[09:33] {@Threei}  sheesh FB
01[09:34] {@Threei}  nope
[09:34] {ese} L halo .05
[09:36] {dptl} good morning
01[09:36] {@Threei}  dp
[09:36] {ese} ½ .18 +.13
01[09:37] {@Threei} Long Setup:  FB  .80 break
01[09:37] {@Threei}  If holds  .70 
01[09:38] {@Threei}  1:1  
01[09:38] {@Threei}  this time was executable
01[09:38] {@Threei}  1:2  
[09:38] {ese} out full halo .37 +.32
[09:39] {ese} ight then lads!!!!!!!! swab that poop deck!!!!!!!11
[09:39] {ese} right
[09:39] {dino} gj
[09:39] {ese} tks
[09:40] {dino} dish hl l .47
01[09:41] {@Threei} Long Setup:  P  .20 break
01[09:41] {@Threei}  If holds  .10 
01[09:43] {@Threei}  no go
01[09:45] {@Threei} Long Setup:  FB  .15 break
01[09:45] {@Threei}  late
[09:45] {dino} out dish .97, +.50
01[09:46] {@Threei}  P rinse
01[09:47] {@Threei} Long Setup:  TWTR  .60 break
01[09:47] {@Threei}  If holds  .50 
01[09:48] {@Threei}  Invalidated  
01[09:49] {@Threei} Short Setup: FB  .40 break
01[09:49] {@Threei}  If holds  .50 
01[09:49] {@Threei}  1:1  
01[09:54] {@Threei}  1:2  
01[09:54] {@Threei}  1:3  
01[09:54] {@Threei}  out
[09:55] {_rcford} Nice
01[09:57] {@Threei} Long Setup:  AIG  .50 break
01[09:57] {@Threei}  If holds  .40 
[09:58] {dino} gj
01[09:58] {@Threei}  change to .40 break
01[09:58] {@Threei}  If holds  .35 
[09:58] {dino} partial fill l wix .61
01[09:59] {@Threei}  *(US) MAR BUSINESS INVENTORIES: 0.4% V 0.4%E
01[10:01] {@Threei}  SPY S&P500 moves above 1,900 for first time ever
01[10:03] {@Threei}  half out AIG
01[10:03] {@Threei}  stop .36
01[10:04] {@Threei}  .39 now
[10:04] {dino} ssys sm l .00 wide
01[10:04] {@Threei}  1:1  
01[10:10] {@Threei} Long Setup:  DAL  .85 break
01[10:10] {@Threei}  If holds  .75 
[10:11] {dino} out ssys .90, +.90
01[10:12] {@Threei}  wtg
[10:12] {dino} ty
[10:13] {_rcford} Hot today
01[10:14] {@Threei}  oh, dino is just lucky
01[10:14] {@Threei}  you know... string of luck that continues for years
01[10:14] {@Threei}  some are lucky like that :)
[10:14] {dino} ;-)
[10:14] {dino} wix stop .25 -.36
01[10:15] {@Threei}  DAL stop .79
01[10:16] {@Threei}  .84 now
01[10:17] {@Threei}  1:1  
01[10:24] {@Threei} Long Setup:  TZA  .90 break
01[10:24] {@Threei}  If holds  .80 
[10:27] {dino} bcei hl l .63
01[10:29] {@Threei}  no go
[10:30] {RonS} dxpe sm l 72.50
01[10:31] {@Threei} Long Setup:  CAT  .45 break
01[10:31] {@Threei}  If holds  .35 
01[10:31] {@Threei}  hl, spread is jumpy
[10:32] {Alexs} all stocks today have a jumpy spreads
01[10:37] {@Threei}  1:1  
01[10:39] {@Threei}  1:2  
[10:39] {dino} ron, wow dxpe
[10:42] {dino} smr l .81 risky
[10:44] {dino} out bcei .86, +.23
[10:44] {dino} dxpe stop
01[10:54] {@Threei}  1:3  
[10:54] {dino} gj
[10:54] {ese} i've made my one hit for this morning.....gotta go...cya tomorrow
01[10:54] {@Threei}  out .79
01[10:54] {@Threei}  take care ese
01[11:02] {@Threei} Short Setup: CAT  .65 break hl
01[11:02] {@Threei}  If holds  .75 
01[11:12] {@Threei}  TZA is really weird today
[11:19] {dino} dxpe brutal
01[11:19] {@Threei}  1:1  
01[11:32] {@Threei}  BBRY Opens BlackBerry 10 Operating System to Multiple MDM PlatformsAnnounced that it will enable mobile device management (MDM) companies to directly manage devices with the BlackBerry 10 operating system. AirWatch, Citrix and IBM have expressed their intent to be the first companies to work with BlackBerry to enable a more open mobility ecosystem. In doing so, BlackBerry will provide organizations with more options to embrace multi-operating system mobile environments by enabling other MDM companies to manage BlackBerry 10 devices.
[11:37] {dino} dxpe keeps banging 68.00 area, break may send it up
01[11:54] {@Threei}  IMF says Ukraine needs more money amid crisis and contagion risk
01[11:54] {@Threei}  Putin: yaay!
01[11:55] {@Threei}  US really need to get out of this diaster of organization
01[12:09] {@Threei} Long Setup:  TZA  .20 break
01[12:09] {@Threei}  If holds  .15 
01[12:12] {@Threei}  Invalidated  
[12:23] {dino} dxpe smr l .01
01[12:53] {@Threei} Long Setup:  CAT  .90 break
01[12:53] {@Threei}  If holds  .80 
01[13:03] {@Threei}  there is huge advantage to having a bored neighbor with lawn tractor
[13:10] {RonS} ...and you knowing how to fake a limp?
[13:10] {nemo} while carrying a bottle of vodka
01[13:11] {@Threei}  lol
01[13:11] {@Threei}  no, my lawn mower died, and he saw me yesterday trying to fix it
01[13:20] {@Threei}  i am telling you, it's one of those unexpected pleasures of life... you hear strange noise in your backyard, walk out to see what the heck is going on... and theree is a tractor mowing it
[13:34] {cosmo} or a UFO circling over head...
01[13:38] {@Threei}  speaking of UFO,
01[13:38] {@Threei}  Federal Aviation Administration (FAA) reportedly intends to accelerate the process to approve some limited drone operations in the United States; specifically allow for use in inspection of power lines and in film making
[13:39] {cosmo} good for target practice too
[13:39] {RonS} federal power?
01[13:39] {@Threei}  (DE) Germany Fin Min Schaeuble: Do not believe that Slovenia will need an aid program.
01[13:39] {@Threei}  uh oh
[13:46] {RonS} lol... I love where $DXPE bounced and also that Manute Bol is almost as tall as that gap
01[13:47] {@Threei}  will SPY break down or remain in the range... that is the question
[13:48] {nemo} he's dead Ron
[13:49] {nemo} think he died last year
[13:49] {nemo} sheesh 4 years ago
01[14:16] {@Threei}  breakdown doesn't look very likely
01[14:22] {@Threei}  CAT scratched its way to 1:1... after invalidating
01[14:27] {@Threei} Long Setup:  FB  .80 break
01[14:27] {@Threei}  If holds  .70 
01[14:28] {@Threei}  A Ukrainian presidential candidate and independent parliamentarian, Petro Poroshenko, has said Ukraine is preparing 17 international lawsuits with regard to Russia's annexation of Crimea.
01[14:28] {@Threei}  17? that's a lot
01[14:32] {@Threei}  half out
01[14:32] {@Threei}  stop .79
01[14:33] {@Threei}  1:1  
[14:33] {nathan} 1:1 thx vad
01[14:33] {@Threei}  yw
[14:34] {nathan} i need it today :-9
01[14:34] {@Threei}  couple words about this play
01[14:34] {@Threei}  there was a standard setup a few min before the call, .85 break with stop inder .80
01[14:34] {@Threei}  this kind regularly gets stopped lately in the afternoon
01[14:34] {@Threei}  so what we did was DKTK setup,
01[14:35] {@Threei}  stands for don't kid the kidder
01[14:35] {@Threei}  we let .85 go,
01[14:35] {@Threei}  waited for .80 to get tagged and stops get hit,
01[14:35] {@Threei}  then got .80 recross to play on the winning side and utilize inflexibility of \those who got stopped
01[14:36] {@Threei}  don't applaud all at once, I might go deaf
[14:36] {nathan} hahahaha
[14:36] {nemo} Vad
[14:36] {nemo} take the mirror from in front of your monitor
01[14:37] {@Threei}  why?
[14:37] {nemo} might shatter
01[14:37] {@Threei}  that's about the pnly one who looks back at me
01[14:37] {@Threei}  talks to me
[14:37] {nathan} just a question Vad, what's the DKTK  setup? i think i didnt get into it yet
01[14:37] {@Threei}  smiles at me
01[14:37] {@Threei}  14:35] {@Threei} stands for don't kid the kidder
01[14:37] {@Threei}  half-joke, nathan
[14:38] {nathan} ok
[14:38] {nathan} thanks fot the explanation
01[14:38] {@Threei}  there is no chart configuration for that, it's rather an idea
[14:39] {nemo} one of Vad's fantasies
01[14:39] {@Threei}  if smart money regularly rinse certain kind of setup at the current market stage, you notice it and switch your tactics
01[14:39] {@Threei}  it's the same setup, just played differently
06[14:39] * @Threei slaps nemo around a bit with a large roll of cash
01[14:39] {@Threei}  market is a constantly working trap
01[14:40] {@Threei}  it changes the way it traps players,
01[14:40] {@Threei}  but it always traps them one way or another
[14:40] {nemo} die Graache ist ein Gericht Die kalt genossen ist.
01[14:40] {@Threei}  step aside, observe, notice how exactly it traps them right now and utilize it
[14:40] {nathan} right
[14:41] {nathan} nemo translate this pls
[14:41] {nathan} :-)
[14:41] {nemo} revenge is a dish best served up cold
[14:41] {nemo} sorry about hitting the G
[14:49] {dino} in space its very cold
01[14:50] {@Threei}  hmmm
01[14:50] {@Threei}  you guys are cracking me up
[14:51] {nemo} Gun Store Sign: ‘I Like My Guns Like Obama Likes His Voters: Undocumented’
01[14:51] {@Threei}  lol
[14:51] {nemo} Sigourney was really cute back then
01[14:55] {@Threei}  ok FB
01[14:55] {@Threei}  let's do 1:5
01[14:56] {@Threei}  I know you can
01[14:56] {@Threei}  1:2  
[15:00] {nemo} interesting Netflix series:  The Pyramid Code
[15:01] {RonS} blockbuster?
[15:02] {nemo} no, but it's a different take on pyramids and Egyptian culture and religion
[15:02] {RonS} uh, it was a pun...
[15:02] {nemo} no...
[15:02] {nemo} it was a dud
[15:03] {RonS} lol
01[15:03] {@Threei}  lol
[15:03] {nemo} sorry Ron
[15:03] {nemo} Les can't get back soon enough
01[15:10] {@Threei} Long Setup:  TWTR  .80 break
01[15:10] {@Threei}  If holds  .70 
01[15:11] {@Threei}  Invalidated  
[15:13] {nathan} gn gents
[15:13] {nathan} see you tomorrow
01[15:14] {@Threei}  take caree nathan
01[15:21] {@Threei}  TWTR setup is back
01[15:24] {@Threei}  keep your priorities straight: Ukraine Cup match moved to Poltava from Kharkiv
01[15:24] {@Threei}  soccer first
01[15:24] {@Threei}  war later
06[15:25] * @Threei slaps nemo around a bit with a large wooden box of straight priorities
[15:26] {nemo} I'm talking to a woman friend of mine who won 30 million in a lottery
[15:26] {nemo} what was that about priorities?
06[15:27] * @Threei slowly retreats back in his corner
[15:27] {troub} good friend to have, nemo
06[15:27] * @Threei realizes he loses to a woman/30 mil owner in each and every aspect
[15:27] {nemo} says it was the worst thing that ever happened to her
01[15:28] {@Threei}  can we help by taking money off her hands?
[15:29] {dptl} ye..and she'll come back to normal life :) i agree Vad
01[15:29] {@Threei}  and we will be proud of doing good deed
01[15:29] {@Threei}  (CN) Follow up: China, Russia confirms joint military exercises to be conducted near disputed Senkaku Islands May 20-26
[15:29] {dptl} yep
01[15:29] {@Threei}  japan is very happy I bet
01[15:30] {@Threei}  - The plan was released following Japan/US statement last week stating that the Senkaku Islands fall within the scope of their long-standing security treaty.
01[15:30] {@Threei}  that's how failing one test you immediately get probed again
01[15:31] {@Threei}  nah TWTR
[15:31] {RonS} that's what the aliens from space always say
01[15:32] {@Threei}  lol
[15:33] {dino} dxpe oout 68.16, +1.16
[15:33] {RonS} gj
01[15:34] {@Threei}  wtg
[15:34] {dino} ty, took awhile, but...
01[15:37] {@Threei}  ATEN
01[15:37] {@Threei}  A10 Networks Hearing Tier 1 firm defending the stock (timing uncertain)- Follows disclosure of letter alleging that the CEO, in duties at prior company had breached fiduciary duties, along with the misappropriation of intellectual property.
[15:40] {dptl} see ya tomorrow all
01[15:40] {@Threei} Long Setup:  GLD  .65 break
01[15:40] {@Threei}  .c .58
01[15:40] {@Threei}  If holds  .58 
01[15:41] {@Threei}  last little scalp if time allows
[15:43] {RonS} Top European court orders Google to respect the “right to be forgotten.”
01[15:44] {@Threei}  yeah, a lot of noise today
01[15:44] {@Threei}  about this decision
[15:44] {RonS} easy, become an american taxpayer...
01[15:45] {@Threei}  lol
01[15:49] {@Threei}  not likely to trigger
[15:49] {nemo} off to the doctor c u 2morow
[15:49] {RonS} dxpe lod...dodged a bullet dino
01[15:49] {@Threei}  thank you all, have a great evening
01[15:49] {@Threei}  see you tomorrow
01[15:49] {@Threei}  no time for this play to develop

Monday, May 12, 2014

May 12 2014

Nice morning and jerky afternoon locked in a tight range. Light volume, too.


Session Time: Mon May 12 00:00:00 2014
[09:02] {dino} gm
01[09:02] {@Threei}  morning dino
[09:03] {dptl} good morning
[09:03] {RonS} gm from snowy denver
01[09:03] {@Threei}  dp, ron :)
01[09:03] {@Threei}  wow... really Ron??
[09:04] {RonS} ya, low from west combined w/ cold and moisture from north to produce upslope...
[09:05] {RonS} rain/snow all day yesterday, still snowing now...system out at noon
[09:06] {RonS} still cold through tomorrow...80 by sunday
01[09:06] {@Threei}  brutal
01[09:06] {@Threei}  it was too hot yesterday to finish lawn mowing, did just half
[09:08] {RonS} may be rascist but in US we say:  that's why god invented mexicans...
01[09:09] {@Threei}  none here
[09:09] {RonS} the ones around here are from the state of chihuahua and are good workers and decent folk
[09:10] {RonS} clb getting clubbed on miss and guide lower...interested 155-157...
[09:12] {RonS} sheesh, thought it was biotech but its oil service
01[09:12] {@Threei}  who cares... }G}
[09:13] {nemo} no spy volume this morning
01[09:13] {@Threei}  no but it's weightless
01[09:13] {@Threei}  floats up by itself
[09:13] {nemo} so isn't the space in Les's head
[09:14] {RonS} miss Les...prompts nemo's participation...
[09:14] {nemo} yeah, he creates a Pavlovian response
[09:15] {troub} Good morning you all
[09:15] {nemo} troub....niceties are really tough on me
01[09:15] {@Threei}  troub :)
[09:16] {nemo} btw...Orphan Black is a very interesting tv series...one actress plays multiple characters...it's engaging
[09:16] {nemo} Odd Thomas a good movie too
01[09:17] {@Threei}  I again suggest The Americans
01[09:17] {@Threei}  http://www.globalpost.com/dispatch/news/culture-lifestyle/entertainment/140507/tv-the-americans-russians-soviet-spy
[09:18] {nemo} and The Best Exotic Marigold Hotel
[09:21] {RonS} ut oh, power fickering
[09:21] {RonS} flick
[09:23] {Alexs} good morning
01[09:23] {@Threei}  alex :)
[09:24] {RonS} gogo 25% float short...beat
[09:25] {ese} morning
01[09:25] {@Threei}  ese :)
[09:25] {RonS} ese gogo
[09:26] {ese} Ron Vad
01[09:29] {@Threei}  looks like floating up is the theme
01[09:29] {@Threei}  not sure why GLD climbs though, would exect it to drop
[09:30] {dino} vad, saw those elections in ukraine, 90%
[09:30] {ese} hmmmmmm ya......thats a good point vad
01[09:30] {@Threei}  89
01[09:30] {@Threei}  you know who to ask about next lttery numbers, right?
01[09:31] {@Threei}  {Threei} 10:31] {@Threei} as if there is any doubt in the result... I predict 89%
01[09:31] {@Threei}  {Threei} [15:46] {@Threei} referndum will be 89%
01[09:31] {@Threei}  Separatist election officials reported 89 percent for seceding and 10 percent against doing so in Donetsk Oblast.
01[09:31] {@Threei} Short Setup: GLD  .30 break
[09:31] {ese} I can't make a judgement on gold these days.....the events in the Ukraine seem to play havoc with gold
01[09:31] {@Threei}  If holds  .40
01[09:36] {@Threei}  (EU) France's Le Pen: Right wing parties in the EU Parliament looking to band together and work to block EU trade agreement with the US- Eurosceptic parties should win enough seats to form a political group in the legislature **NOTE: in the May 22-25th European Parliament elections, polls have indicated that anti-EU populists and nationalist from the left and right could potentially double the number of seats they hold in the body to over 20%
01[09:36] {@Threei}  next possible irritant for the market
01[09:37] {@Threei}  FB sharp pullback
01[09:40] {@Threei}  wake up already GLD
01[09:40] {@Threei}  right direction but you could move faster
01[09:41] {@Threei}  should accelerate after losing .20
01[09:44] {@Threei}  seriously... didn't expect it to be this slow
[09:44] {nemo} there trying to get to new spy highs it's all indexes
01[09:45] {@Threei}  "there"? give me a gun
[09:45] {nemo} they're
[09:45] {nemo} sorry...too much vodka this morning
01[09:45] {@Threei}  stop to .36
[09:46] {nemo} OP EX week too
01[09:46] {@Threei}  1:1
01[09:46] {@Threei}  finally
01[09:47] {@Threei} Long Setup:  TZA  .40 break
01[09:48] {@Threei}  If holds  .35
01[09:48] {@Threei}  Invalidated
01[09:48] {@Threei}  but the idea is valid, looking for another entry
01[09:51] {@Threei} Long Setup:  TZA  .30 break
01[09:52] {@Threei}  If holds  .24
01[09:52] {@Threei}  GLD stop to .26
01[09:53] {@Threei}  1/4 more out
01[09:53] {@Threei}  stop to .21
01[09:54] {@Threei}  meh TZA
01[09:54] {@Threei}  OK GLD, give us 1:3 and we are friends again
01[09:56] {@Threei}  closed on a trail
[09:56] {dino} bcei hl l .61 gappy
01[09:58] {@Threei} Long Setup:  CAT  .15 break hl
01[09:59] {@Threei}  If holds  106
[10:01] {dino} bcei stop .33 -.31
01[10:02] {@Threei}  half out
01[10:02] {@Threei}  stop .14
[10:03] {nemo} spy iwm short setups, but think they push higher
01[10:03] {@Threei}  feels like one last push
01[10:03] {@Threei}  then pullback finally
01[10:04] {@Threei}  1/4 more out CAT
[10:04] {nemo} well you are the proverbial hair from all time highs during op ex week  "diabolical" is the week's watchword
01[10:04] {@Threei}  stop .24
[10:06] {dino} rinsed
[10:08] {dino} clb smr l .49
01[10:09] {@Threei} Long Setup:  TZA  ..5 break
01[10:09] {@Threei}  .05
01[10:10] {@Threei}  If holds  .97
01[10:11] {@Threei}  closed last CAT on a trail
[10:11] {nemo} 112.05 Weekly R1 IWM
01[10:13] {@Threei}  Invalidated  TZA
[10:13] {ese} L peix .32
[10:14] {ese} sm
01[10:16] {@Threei}  [09:29] {@Threei} looks like floating up is the theme
[10:16] {nemo} R3 IWM
01[10:17] {@Threei}  why didn't we just buy IWM on thast idea, having preliminary sold farm, wife and children
[10:17] {nemo} pay somebody to take the wife and children
[10:17] {dino} out clb .68, +1.19
01[10:18] {@Threei}  wtg
[10:18] {dino} ty, things all over the place
01[10:21] {@Threei} Long Setup:  TZA  .80 break
01[10:21] {@Threei}  If holds  .72
[10:21] {nemo} algo all green no weakness anywhere
[10:22] {nemo} we're .20 off all time highs
01[10:25] {@Threei}  "Which country we will join will be decided after consultations with experts," separatist leader said.
01[10:25] {@Threei}  they consider Honduras I understand
01[10:25] {@Threei}  or Burkina Faso
[10:26] {Alexs} EU I guess
01[10:26] {@Threei}  not exotic enough
[10:27] {cosmo} turkey?
01[10:27] {@Threei}  no
01[10:28] {@Threei}  leader's kast name sounds dirty for russian ear
01[10:28] {@Threei}  last
[10:28] {cosmo} i c
01[10:28] {@Threei}  suggest alex or dp to say Edrogan without flinching
01[10:29] {@Threei}  stop to .74
01[10:31] {@Threei}  holding by fingertips
[10:38] {Alexs} Turchynov, acting president of Ukraine, told parliament on Monday that turnout was 24% in Luhansk and 32% in Donetsk
01[10:39] {@Threei}  I wonder how he knows that
[10:40] {Alexs} It's stupid to alaborate on it if you don't recognize the referendum
01[10:41] {@Threei}  but that's nothing... from my friend in Gorlovka, Donetsk province, quick translation. Here is how real men do referendums:
01[10:41] {@Threei}  you come to a booth with ballot in hands, a man standing near the ballot box takes it from you and looks at it. If Yes is checked, he drops it in the box; if No, he throws it in the litter and tells you go and think again before you come back. As you walk back, people with machine guns observing the scene focus on you.
[10:41] {Alexs} lol
[10:44] {Alexs} so  what was your friend choice finally?
01[10:44] {@Threei}  walked off
[10:44] {dino} gun to the head
01[10:44] {@Threei}  according to him, majority never came to vote
01[10:45] {@Threei}  they were against separation but coming and voting so means putting yourself in too much danger
01[10:45] {@Threei}  people get beaten up and kidnapped routinely for speaking ip against separation
01[10:48] {@Threei}  16 year old teen's from Donetsk Tweet: “Hooray! I already voted 4 times, no ID needed, ballots marked “No” are immediately torn up"
01[10:49] {@Threei}  ok... SPY finally shows more weakness
[10:49] {dino} lol, sounds like philadelphia, no id needed
[10:49] {nemo} http://goo.gl/CCw0xc
01[10:50] {@Threei}  half out TZA
01[10:50] {@Threei}  stop to .79
01[10:50] {@Threei}  https://scontent-a-sea.xx.fbcdn.net/hphotos-frc3/t1.0-9/10308236_10203792349191863_1546671499463485177_n.jpg
01[10:51] {@Threei}  can't believe we finally nailed the top
01[10:52] {@Threei}  drive up looked endless
01[10:53] {@Threei}  A senior Russian politician said on Sunday he had brought to Moscow a petition by residents of Moldova's Russian-speaking, breakaway region of Transdniestria backing union with Russia.
01[10:54] {@Threei}  Rogozin triggered an angry response from NATO member Romania on Saturday when, reacting to being barred from Romanian airspace, he said that next time he would fly on a Russian bomber jet.
01[10:59] {@Threei}  business first:
01[10:59] {@Threei}  PARIS — France will press ahead with a 1.2 billion-euro ($1.66 billion) contract to sell helicopter carriers to Russia because cancelling the deal would do more damage to Paris than to Moscow, French diplomatic sources said on May 12.
[11:00] {Alexs} lol
[11:03] {dino} lol
[11:04] {dino} clb smr l .34
01[11:09] {@Threei}  UR) Ukraine separatists call on Russia to absorb the Donetsk region into Russia - Russia press- Donetsk declares itself a sovereign state as the Donetsk People's Republic and asks to join the Russian Federation.
01[11:10] {@Threei}  difficyukt choice between Russia, Honduras and Burkina Faso is made after prolonged deliberations
[11:16] {cosmo} I'd go with Uraguay
01[11:17] {@Threei}  valid option but too late I guess
01[11:17] {@Threei}  compettition from Honduras was fierce
01[11:19] {@Threei}  Traders appear to be ignoring the events in Ukraine this morning.
01[11:19] {@Threei}  of course they do
01[11:19] {@Threei}  market dioesn't care who Ukraine belongs to
01[11:19] {@Threei}  market cares about war breaking out
01[11:19] {@Threei}  if no war, market floats up
[11:20] {nemo} ehhh  Ukraine...just a bunch of Russky wannabees anyway
01[11:21] {@Threei}  or rather not-wannabees, lol
[11:21] {nemo} yeah...."1 man's death a tragedy...20 million, merely a statistic"  ~Uncle Joe
[11:21] {nemo} DE looks weak
01[11:23] {@Threei} Long Setup:  FB  .40 break
01[11:23] {@Threei}  If holds  .30
01[11:28] {@Threei}  no go
01[11:34] {@Threei}  looks like new highs are about to be madr
01[11:34] {@Threei} Long Setup:  IWM  .50 break hl
[11:34] {nemo} DIA all time highs today
01[11:34] {@Threei}  If holds  .40
[11:34] {ese} out peix .54 +.22
[11:35] {ese} have a good day all...pleasure doing business wih you
01[11:35] {@Threei}  take care ese
[11:36] {ese} cya vad.....not participating much these day on the blog but i'll get...busy time of the year....3 sometimes four shows a week for the next five weeks
[11:36] {ese} get there
[11:36] {dino} cyaese
[11:36] {ese} cya
01[11:36] {@Threei}  Invalidated  IWM
[11:36] {ese} dino
01[11:49] {@Threei}  second region made the difficult choice, and alas cosmo, Uruguay is not in the running again...
01[11:49] {@Threei}  (UR) Ukraine region of Luhansk declares independence and asks to join the Russian Federation - Russia press- Earlier this morning, Donetsk declared itself a sovereign state as the Donetsk People's Republic and asked to join the Russian Federation.
01[11:50] {@Threei}  so Alex... what criteria do we use for beer bet settlement?
[11:53] {Alexs} Annexation of those regions by Russia of course
01[11:53] {@Threei}  why? bet was for separation from Ukraine or remaining a part of it
[11:53] {Alexs} I bet Russia will not do it
01[11:54] {@Threei}  [15:51] {Alexs} I'm sure the country will be as it is today
01[11:54] {@Threei}  [15:51] {@Threei} ok... beer bet? :)
01[11:54] {@Threei}  [15:52] {Alexs} :) done
01[11:56] {@Threei}  full text is at http://tradinglog.realitytrader.com/2014/05/may-09-2014.html :)
01[11:57] {@Threei}  {---- keeping thorough records when it comes to beer
[11:57] {Alexs} ok what's your point of view, do they separated from Ukraine already?
01[11:57] {@Threei}  no
01[11:58] {@Threei}  it's a first step, still reversible, although I don't believe it will be reversed
[11:58] {Alexs} what will be that "red line"?
01[11:58] {@Threei}  thast was my question
01[11:59] {@Threei}  what is the market where you admit losing the bet? :)
01[11:59] {@Threei}  marker
01[12:00] {@Threei} Long Setup:  IWM  .30 break
01[12:00] {@Threei}  If holds  .20
[12:02] {Alexs} they can't survive separately, so I propose it will be the point there they conclude any agreement with other country then Ukraine about any kind of union
01[12:02] {@Threei}  what if they still simply remain autonomy?
01[12:03] {@Threei}  elect their own government, do not take part in Ukraine election etc
01[12:03] {@Threei}  isn't it separation?
01[12:03] {@Threei}  ugh, come on IWM
01[12:03] {@Threei}  2 cents from 1:1
[12:07] {Alexs} autonomy inside the country doesn't mean separation if they don't take a part in current Ukraine election in that situation I think it's obviouse thing because of war
[12:08] {Alexs} Don't you agree that they can't exist by theirselves?
01[12:09] {@Threei}  it doesn't mean they wouldn't try
01[12:09] {@Threei}  and why not... there are smaller countries
[12:10] {nemo} .16 range Qs since 10:15
01[12:11] {@Threei}  half out
01[12:11] {@Threei}  not going to let it turn into loss
01[12:11] {@Threei}  stop to .24
01[12:11] {@Threei}  worst case scenario, breakeven
01[12:20] {@Threei}  finally
01[12:20] {@Threei}  1/4 more out
01[12:20] {@Threei}  .46
01[12:23] {@Threei}  stop to .34
01[12:34] {@Threei}  is it time for SPY to retreat some, or will just hang in here
01[12:36] {@Threei} Long Setup:  TZA  .95 break
01[12:36] {@Threei}  If holds  .85
[12:36] {dino} not finding anything
01[12:37] {@Threei}  tight range at the top
01[12:37] {@Threei}  I doubt we will see real reversal, but some pullback is probably in order
01[12:37] {@Threei}  if for nothing else, then to just sucker in bears
01[12:38] {@Threei}  and then kill them by new spike into eod
01[12:38] {@Threei}  if this read is right (an no news comes in to ruin it), then we have a plan
[12:39] {Alexs} ok Vad lets put like that: as long as ukraine fight for that territories it's still a part of ukraine if they give up and their troops retreat from donetsk and lugansk regions you won?
01[12:39] {@Threei}  look for scalps on short side for now, then longs into close
01[12:39] {@Threei}  sounds about right
[12:40] {Alexs} :)
01[12:40] {@Threei}  (and I keep Kharkiv in reserve, i hope for another bet, for gorilka this time {G})
[12:41] {Alexs} rofl
01[12:42] {@Threei}  gs... do you have it in your liquor stores?
01[12:42] {@Threei}  ok TZA
01[12:42] {@Threei}  let's do 1:2
01[12:46] {@Threei}  anyone interested in good and unusual vodka, see if you can find it in your local stores... may sell as gorilka or pertsovka, easy to recognize by an amber color and red chili pepper floating inside
01[12:51] {@Threei}  .40 is SPY support to lose, to start some downdraft
01[13:25] {@Threei}  ugh
01[13:29] {@Threei}  anyone's breathing? or you all are asleep?
[13:30] {_rcford} lol
[13:30] {_rcford} here
01[13:30] {@Threei}  cool... I thought it was some kind of widespread coma
[13:30] {_rcford} lol
01[13:30] {@Threei}  although market is sure coma-onducing
01[13:30] {@Threei}  inducing
[13:31] {_rcford} twtr has performed well
[13:31] {_rcford} looks to make move higher
[13:31] {_rcford} resistance tho
01[13:33] {@Threei}  P breaks out
01[13:34] {@Threei}  if SPY does too, I'd think TWTR won't be far behind
[13:34] {_rcford} That'd be great ]
[13:35] {nemo} finnies noew highs
[13:35] {nemo} new
01[13:39] {@Threei}  TWTR new high
01[13:39] {@Threei}  whole 2 cents higher than old high
[13:39] {_rcford} lol
[13:40] {_rcford} it goes to 34 In my opinion
[13:42] {nemo} finnies going for the gap
[13:48] {nathan} hi gents
01[13:48] {@Threei}  hi nathan
[13:48] {nathan} important news at 14h?
01[13:49] {@Threei}  nah
01[13:49] {@Threei}  Budget statement
[13:49] {nathan} ok
01[13:49] {@Threei}  not a biggie
[13:49] {nathan} good to know
01[13:49] {@Threei}  (US) Preview: Apr Monthly Budget Statement due out at 14:00ET (18:00 GMT)**Consensus expectation: $114Be v $112.9B prior
01[13:50] {@Threei}  unless it's some outrageous number... like 5B
01[13:51] {@Threei}  Donetsk armed forces claim they will engage and fight Ukraine forces if the deadline for Ukraine security forces to leave the sovereign territory is ignored
01[13:51] {@Threei}  I can already taste my beer, Alex
01[13:54] {@Threei}  34 is within spit distance rcford
01[13:54] {@Threei}  spitting is not very polite though... so, stone throw
[13:58] {_rcford} lol
[13:58] {_rcford} it should happen
01[13:59] {@Threei}  *(US) APR MONTHLY BUDGET STATEMENT: $106.9B V $114BE- Receipts: $ v $406.7B y/y- Outlays: $ v $293.8B y/y -
01[13:59] {@Threei}  Receipts: $414.2B v $406.7B y/y - Outlays: $307.4B v $293.8B y/y
01[14:00] {@Threei}  so, receipts grew by 8B
01[14:00] {@Threei}  great
01[14:00] {@Threei}  but putlays grew by 14B
01[14:00] {@Threei}  yep, we are on our way to extuinguish debt
01[14:04] {@Threei} Short Setup: GLD  .80 break
01[14:04] {@Threei}  If holds  .90
01[14:12] {@Threei}  TWTR is almost there
[14:13] {_rcford} yes
01[14:13] {@Threei}  I think it might get blisters on its skin with this speed
[14:13] {_rcford} lol
[14:13] {_rcford} This one a good read from the momentum
[14:14] {_rcford} oh
[14:14] {_rcford} yeah
[14:16] {_rcford} here comes the bride
[14:17] {nemo} spy what a frickin tease
01[14:18] {@Threei}  meanwhile, referndum or not, but there is real war happening in Slavyansk... shooting, explosions, small cannons
01[14:18] {@Threei}  people sit in their apartments and dshare information via internet where the shooting happens
01[14:19] {@Threei}  alex, want to read? It's beyond surreal
01[14:20] {@Threei}  die GLD
[14:20] {Alexs} it means ukraine is still fighting
01[14:20] {@Threei}  I guess, unless they all shoot at each other now
[14:22] {Alexs} they say separatists are not ukrainians, KGB agents
01[14:22] {@Threei}  not all of them
01[14:23] {@Threei}  instigators who forment unrest and recruit
01[14:23] {@Threei}  oh, and you know who is military commander of donetsk republic now?
[14:24] {Alexs} no who?
01[14:24] {@Threei}  that same igor strelkov
01[14:24] {@Threei}  GRU officer
01[14:24] {@Threei}  good boy GLD, give is more
01[14:24] {@Threei}  us
01[14:25] {@Threei}  .70 is last line of defense
01[14:25] {@Threei}  if loses it, should cascade
01[14:25] {@Threei}  plummet
01[14:25] {@Threei}  crash
01[14:25] {@Threei}  I mean crrrrrash
[14:27] {Alexs} don't spook it Vad lol
01[14:27] {@Threei}  I am trying to encourage it
01[14:28] {@Threei}  by shooting at it
[14:29] {Alexs} you learned something from Putin
01[14:29] {@Threei}  I am trying
01[14:29] {@Threei}  it obviously works for him
[14:30] {Alexs} lol
[14:33] {Alexs} Putin's tactic is Sun Tzu's art of war at work
01[14:33] {@Threei}  totally
01[14:33] {@Threei}  page by page
01[14:33] {@Threei}  and ese thinks he is stupid
01[14:34] {@Threei}  his purpose may be, but his actions in a course of acheiving that purpose are anything but
01[14:35] {@Threei}  and sheesh, he is reading West as open book and playing it like a flute
06[14:35] * @Threei hits GLD over the head with 2x4
01[14:38] {@Threei}  Duma chief: Anti-Russian sanctions cannot end Ukraine crisis
01[14:38] {@Threei}  Obama: you think?? just wait till we sanction 3, yes 3 more people!
01[14:39] {@Threei}  let's trail GLD to .86
[14:40] {RonS} Obama:  meanwhile we are holding the ultimate weapon in reserve...Michele getting on youtube with a pouty face holding a sign "Let Uktraine go"
01[14:41] {@Threei}  and, scared to mention such powerful weapon... hashtag??
01[14:42] {@Threei}  no... that might provoke nuclear response
[14:42] {nathan} rons you missed the #LetUkrainego
[14:42] {nathan} lol
01[14:43] {@Threei}  yes... last resort
01[14:43] {@Threei}  when nothing works, go to twitter and deploy almighty hashtag
[14:45] {RonS} beware the nuclear hashtag...
01[14:45] {@Threei}  General Motors Corp Reportedly intends to provide 4G LTE service in some vehicles beginning in 2015 using the OnStar and AT&T networks - financial press- Cars would be allowed to become a Wi-Fi hot spot for $5/day
01[14:45] {@Threei}  right
01[14:46] {@Threei}  let's text, watch youtube and tweet while driving
[14:46] {RonS} but remeber...no smoking...unless its pot
01[14:46] {@Threei}  imagine the productivity
[14:47] {Alexs} 5$/ day!? who needs it?
01[14:48] {@Threei}  bored drivers?
01[14:48] {@Threei}  also, if you drive in Slavyansk, you may want it to avoide the streets with active shooting
[14:49] {Alexs} you can make your phone a hot spot much cheaper
01[14:49] {@Threei}  but alex... if you are that smart you re not likely to drive GM
[14:50] {RonS} lol
[14:50] {nathan} lol
01[14:50] {@Threei}  see, they know their audience :)
[14:51] {Alexs} I like chevy tahoe actaully
01[14:51] {@Threei}  this guy bought our car? let's sell him an electornic map of his fridge
01[14:51] {@Threei}  app that helps find a shelf with mill
01[14:51] {@Threei}  milk
[14:55] {nemo} spy volume 56 mil probably looking at 80 mil day
01[14:56] {@Threei}  I overestimated sanctions by west. I said 3 people? it's two
01[14:56] {@Threei}  (RU) EU discloses new targets for sanctions in Russia as a result of the Ukraine crisis - press- Sanctions list includes Volodin (First Deputy Chief of Staff of the Presidential Executive Office), Shamanov (commander of Russia airborne unit)
01[14:56] {@Threei}  Volodin and Shamanov are in deep sorrow, and will drink whole next week
01[14:56] {@Threei}  wait... they would anyway
[14:59] {Alexs} actually russia suffer a big capital outflow mor than $170 bil already
01[14:59] {@Threei}  yup
[15:00] {Alexs} I think it hurts a lot
01[15:00] {@Threei}  It must
[15:00] {Alexs} and it will be harder
[15:02] {Alexs} now Putin's trying to get investment from china and it will be very dangerous fro russia
[15:02] {dino} of course small price to pay for that real estate called crimea
[15:03] {Alexs} china can swallow russia very quickly
01[15:03] {@Threei}  it actually started
01[15:04] {@Threei}  millions are sneaking in far east
[15:04] {Alexs} yup
01[15:04] {@Threei}  huge porous border
[15:04] {Alexs} just a beginning
01[15:05] {@Threei}  they read Sun Tzu too...
01[15:06] {@Threei}  why start a war if you can infiltrate and assimilate
[15:06] {nemo} actually, the Russian translations of Sun Tzu are much better than what are available in Englishy
[15:06] {nemo} English
01[15:06] {@Threei}  20 years later, half of Russia speaks Mandarin... what war?
[15:07] {Alexs} how do you know nemo?
[15:08] {nemo} It kinda' falls under my vocational expertise
01[15:08] {@Threei} Long Setup:  IWM  .90 break
01[15:08] {@Threei}  If holds  .80
01[15:09] {@Threei}  closed GLD
[15:10] {Alexs} but chinese read it in original language
[15:11] {nemo} You asked me about my statement comparing English and Russian translations
[15:11] {RonS} hmm... really?  given its age is it not an old version?
[15:11] {Alexs} yeah sure nemo
01[15:11] {@Threei}  as far as general principles go, quite current, ron
[15:12] {nathan} gn all
[15:12] {nathan} see u tomorrow
[15:12] {nemo} go have some Sangria
01[15:12] {@Threei}  take care nathan
[15:12] {RonS} not talking subject matter...but language...
[15:13] {nathan} hahaha
01[15:13] {@Threei}  oh
[15:14] {nemo} don't understand your point Ron
[15:16] {RonS} since there is Olde English, and Latin was the precursor to the romance languages would not a Chinese dialect be the same?
[15:16] {nemo} Mandarin characters have stayed pretty consistent for a coupla' thousand years
[15:17] {nemo} pronounciations vary
[15:17] {dptl} see ya tomorrow all
01[15:17] {@Threei}  take care dp
01[15:18] {@Threei}  btw, speaking of... if there were a rule forbidding to eat asnything with higher IQ, I know quite a few who would have been banned from eating a mandarin
[15:18] {RonS} characters may be the same but would not the meanings(s) evolve or devolve?
[15:19] {RonS} back then gay character happy...now homo   :)
01[15:20] {@Threei}  TWTR did it
01[15:21] {@Threei}  well... almost
[15:21] {RonS} happy to homo?
01[15:21] {@Threei}  got 34, but I expected it to explode after tat
01[15:21] {@Threei}  lol ron
01[15:21] {@Threei}  you rode it to 34, rcford?
[15:24] {_rcford} Oh No
[15:25] {_rcford} I actually just watch cause I hade face book and a couple others.  Up 700
01[15:25] {@Threei}  oh
[15:25] {_rcford} key board acting up
01[15:25] {@Threei}  gj anyway
[15:26] {_rcford} absolutely  we can't get them all
01[15:27] {@Threei}  Avakov: Ukraine government's armed operation in east to go on
[15:33] {Alexs} Avakov spoiled your beer dreams Vad
01[15:33] {@Threei}  not in the least
01[15:33] {@Threei}  I didn't expect them to give up on one day
01[15:35] {@Threei}  but it's inevitable... I see many ways to separation and practically none to reuniting
[15:37] {Alexs} looks like putin doesn't want an army of starving miners in his country though
01[15:37] {@Threei}  who would
01[15:37] {@Threei}  6.5 mil
01[15:37] {@Threei}  no go IWM
01[15:37] {@Threei}  afternoon is not mine today
[15:38] {Alexs} finaly it all be china
[15:38] {RonS} dammit..CLB unreal
[15:38] {Alexs} they give food and job to everybody
01[15:38] {@Threei}  imagine paying them all pensions and taking care of budget-dependent, at russian rate vs ukrainian
[15:39] {Alexs} it's killing factor that's what i'm saying
01[15:39] {@Threei}  plud guerrilla war
[15:40] {Alexs} exactly
01[15:40] {@Threei}  sure he will try to keep them out of russia, but not let them back in UYkraine either... puppet gobernment will be fine with him
[15:40] {Alexs} it's impossible situation
01[15:40] {@Threei}  for whom?
01[15:41] {@Threei}  for miners?
01[15:41] {@Threei}  what does he care? :)
01[15:42] {@Threei}  what the deuce
01[15:42] {@Threei}  SPY/IWM divergence
01[15:43] {@Threei}  q'uite weird
[15:43] {Alexs} lol I mean independent donetsk and luhansk even with a puppet government somebody needs to give them money
01[15:44] {@Threei}  well, they might face this impossible to imagine concept of actually earning it
01[15:45] {@Threei}  but on serious note, giving them discounted gas and some money here and there will be cheaper way for Russia to keep situation as it is
[15:47] {Alexs} I don't think that's what putin is planning
[15:48] {Alexs} he will sell them to the west for something more valuable for him
01[15:49] {@Threei}  difficult to say, but they sure made themselves a subject of trading
[15:49] {Alexs} yup
01[15:50] {@Threei}  new highs into close
01[15:50] {@Threei}  just as expected... but haven't found the way to exploit it
01[15:50] {@Threei}  grrr
01[15:51] {@Threei}  Ok guys, thank you
01[15:51] {@Threei}  have a good evening, see you tomorrow
[15:51] {Alexs} yes IWM behaved strange



Friday, May 9, 2014

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateMarkets Muddle Through

Fri, 09 May 2014 16:14 PM EST

- Global equity markets muddled through this week as participants watched earnings season wind down. There was little in the way of big data reports to drive trading, although the China consumer price index rose at its slowest pace in a year and a half, prompting renewed calls for more stimulus measures. China reported improvement in its trade data, while the March US trade report was very strong, as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods. The post-decision ECB press conference was the highlight of the week, as President Draghi hinted that the ECB council was prepared to take action at the next meeting, if necessary. Global bond yields fell to new record lows late in the week as investors positioned themselves for another round of ECB easing. Benchmark yields for debt issued by Spain, Italy and Ireland all hit their lowest levels since the nations entered the Eurozone, while Portugal's benchmark yield fell to levels last seen in 2009. In Ukraine, the violence continued although there was some indication that the Russian side could be opting for a less confrontational approach. The DJIA notched an all-time intraday high around 16,622 on Thursday, while declines in momentum stock hobbled the Nasdaq again. For the week, the DJIA added 0.4%, the S&P500 slipped 0.1% and the Nasdaq lost 1.3%.

- In her semi-annual monetary policy report to Congress, Fed Chair Yellen reiterated a lot of her rhetoric from recent speeches and offered little commentary that was new. Yellen said that low inflation is mostly transitory, that weak Q1 GDP was mostly due to weather, and that continuing policy accommodation is warranted. The only moderately impactful comment was that the recent flattening in the housing market may last longer than expected. The Fed's Fisher, Tarullo, Plosser, and Stein also spoke this week, and the most remarkable thing was how similar all their comments seemed: Q1 GDP weakness was due to weather, the taper will end on schedule, rates will remain low so long as inflation is below 2%. Interestingly, Fisher said he would like to get rid of the 'dot chart' forecasting future rates, calling it a flawed tool.

- The situation in Ukraine worsened over the weekend after dozens of pro-Russia separatists died in a building fire in Odessa last week and government forces continued military operations in the east, surrounding Slovyansk. Midweek the Russian side made conciliatory comments: after meeting with the OSCE to consult on a roadmap for calming tensions, Russia President Putin called for postponement of May 11th independence referendums in south and east Ukraine and said Ukraine's presidential election on May 25th was a move in the right direction. He also claimed Russian military forces were withdrawn from the border with Ukraine, although NATO later said that no troops had been pulled back.

- Earnings season is winding down at this point, with the retailers, Deere and Cisco on tap next week. Of the 451 S&P 500 constituents that have released results this earnings season, 76% have beaten estimates for profit, while 53% have exceeded projections for revenue. The Nasdaq continued to be a big source of weakness as investors sold off four-letter biotech and tech names at any hint of trouble: between Monday's close and the first hour of trading on Wednesday, the Nasdaq lost 2.5%, and saw plenty of volatility through week's end. Tesla was down 15% on lackluster Q2 earnings guidance. Groupon fell 20% on concerns about its Q1 earnings quality.

- Between the closing bell on Monday and midafternoon on Wednesday, shares of Twitter lost nearly one quarter of their value in heavy volume after its second post-IPO share lockup expired. Shares dipped to post-IPO lows below $30 after 475M shares became eligible for sale, although they regained some ground in the latter half of the week, reaching $33. Co-founders Jack Dorsey and Evan Williams and CEO Dick Costolo said in April they had no intentions to sell their shares, but other insiders likely got out, especially given that none of them sold stock during the IPO.

- Alibaba filed for its US IPO this week. Officially the filing was for $1.0 billion, but nearly everybody expects this figure to rise to $15-20 billion eventually. Most observers expect the massive offering will begin pulling money away from other high-growth tech names. Note that Yahoo owns 23% of the firm, and it plans to sell about two-fifths of its stake in the offering, which could generate in excess of $10 billion and more than double Yahoo's cash stockpile. Asked about the windfall, Yahoo CEO Mayer would only say that Yahoo intends to be "good stewards of capital."

- Barclays outlined its turnaround strategy this week and it involves buckets of blood. The UK bank said it would cut 20,000 jobs (~14% of total workforce), 14,000 of which would be gone by the end of 2014, and ax big parts of its investment banking business. Barclays will focus on four core areas: retail and corporate banking, credit cards, banking in Africa and finally a much diminished investment banking unit. In addition, Barclays will set up a 'bad bank' to run off around €90 billion worth of risk-weighted assets.

- In M&A news, the contentious $35B merger of equals between Publicis and Omnicom has been called off. Reports pointed to frayed relations at the top level of management in addition to regulatory snags surrounding tax issues. Publicis and Omnicom were said to have lost various large contracts due to the delayed closing of the merger. Other contentious M&A deals saw new developments as well. Regulatory momentum appears to be building against Pfizer's offer for AstraZeneca, on concerns it is trying to game international taxes. Meanwhile Allergan reportedly continues its search for a white knight alternative to Valeant's hostile takeover bid, but it appears it has not gotten any nibbles yet. In the consumer tech space, Apple was said to be close to inking a $3.2B deal to acquire hip hop legend Dr. Dre's Beats Electronics. Beats got its start in high-end headphones, however most analysts suggest Apple is most interested in the firm's streaming music service, given the dismal performance of its own iTunes Radio streaming service.

- At Thursday's post-ECB decision press conference, "Super Mario" demonstrated that his verbal intervention powers retain their potency. ECB President Mario Draghi said the central bank would be comfortable taking action in June, if it were needed, driving the biggest move in EUR/USD since the March FOMC meeting when Yellen uttered her now famous six-month remark. Ahead of the conference, EUR/USD was testing the key 1.4000 level, while after the comment about June action the pair dropped steadily without looking back, settling around 1.3760 on Friday for one-month lows. June Bund futures hit a fresh contract high while the 10-year German govt yield hit a 12-month low below 1.44%. Analysts are now forecasting cuts of both the refi rate and deposit facility of 10-15bps at the next ECB meeting. One observer highlighted that Draghi has now partially abandoned Trichet's principle that the ECB never pre-commits by admitting that the committee had laid the ground work for action next month.

- Sterling pushed out to five-year highs just shy of 1.700 ahead of the BoE rate decision. The big move up on Tuesday was fueled by an FT article that asserted the MPC would discuss raising rates for the first time in the current cycle at Thursday's meeting. No action was taken on Thursday and there was no statement, so it will be two weeks before the minutes give an idea of what was discussed at the MPC meeting. In any case, GBP/USD drifted lower until early on Friday, when weaker data sent the pair from 1.6930 to around 1.6840.

- China's April CPI (+1.8% v +2.4% prior) slowed sharply to its lowest level in a year and a half, putting it even further away from the official 2014 target of +3.5%. Slowing growth in food prices (+2.3% v +4.1% prior) was behind most of the deceleration. The April PPI numbers remained in deflation territory for the 26th consecutive month, although the decline narrowed for the first time in five months. Economists said the April CPI would mostly likely be the lowest in the first half and would not prompt policymakers to take any proactive steps, though it could give officials more leeway to relax monetary policy if necessary. An improvement in China April trade data pointed at recovery after consistently disappointing prints over the past few months. Both imports and exports grew despite expectations of another month of y/y declines.